Centene Corp (CNC)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,305,000 | 3,067,000 | 2,823,000 | 2,735,000 | 2,702,000 | 2,438,000 | 2,707,000 | 1,478,000 | 1,197,000 | 2,015,000 | 1,861,000 | 1,497,000 | 1,347,000 | 736,000 | 720,000 | 2,461,000 | 1,808,000 | 2,029,000 | 1,556,000 | 845,000 |
| Total stockholders’ equity | US$ in thousands | 26,410,000 | 27,307,000 | 27,351,000 | 26,958,000 | 25,840,000 | 25,295,000 | 25,671,000 | 25,042,000 | 24,057,000 | 25,378,000 | 26,289,000 | 27,169,000 | 26,795,000 | 26,466,000 | 25,911,000 | 26,342,000 | 25,773,000 | 25,725,000 | 25,056,000 | 23,549,000 |
| ROE | 12.51% | 11.23% | 10.32% | 10.15% | 10.46% | 9.64% | 10.54% | 5.90% | 4.98% | 7.94% | 7.08% | 5.51% | 5.03% | 2.78% | 2.78% | 9.34% | 7.02% | 7.89% | 6.21% | 3.59% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $3,305,000K ÷ $26,410,000K
= 12.51%
Centene Corp's return on equity (ROE) has shown fluctuations over the periods provided in the data. ROE is a measure of a company's profitability that indicates how efficiently it is using shareholders' equity to generate profit.
From March 31, 2020, to December 31, 2024, the ROE figures for Centene Corp varied between 2.78% and 12.51%. The ROE increased from 3.59% in March 2020 to a peak of 12.51% in December 2024, showcasing an improving trend in the company's ability to generate profit using shareholders' equity.
There were some fluctuations throughout the period, with ROE experiencing peaks and dips. For example, the ROE increased notably from March 2021 to June 2023 before slightly declining towards the end of the period in December 2024.
Overall, the trend indicates that Centene Corp has been gradually improving its profitability in relation to shareholders' equity over the period considered, with some ups and downs along the way. This improvement suggests that the company is efficiently utilizing its equity to generate profits for its shareholders.
Peer comparison
Dec 31, 2024