Centene Corp (CNC)

Return on equity (ROE)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	2,702,000	2,444,000	2,713,000	1,483,000	1,202,000	2,014,000	1,860,000	1,497,000	1,347,000	736,000	720,000	2,461,000	1,808,000	2,029,000	1,556,000	845,000	1,321,000	1,353,000	1,277,000	1,082,000
Total stockholders’ equity	US$ in thousands	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	12,551,000	12,311,000	12,154,000	11,540,000
ROE		10.46%	9.66%	10.57%	5.92%	5.00%	7.94%	7.08%	5.51%	5.03%	2.78%	2.78%	9.34%	7.02%	7.89%	6.21%	3.59%	10.53%	10.99%	10.51%	9.38%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,702,000K ÷ $25,840,000K
= 10.46%

Centene Corp.'s return on equity (ROE) has shown an upward trend over the quarters, reflecting an improving performance in generating profits from its shareholders' equity. In Q4 2023, Centene reported an ROE of 10.46%, the highest in the given timeframe. This indicates that for every dollar of shareholder equity, Centene generated a return of 10.46 cents in Q4 2023.

The ROE fluctuated in the range of 5.00% to 10.57% over the past eight quarters, with the lowest ROE recorded in Q1 2023 at 5.92% and the highest in Q2 2023 at 10.57%. This variability suggests some degree of volatility in Centene's ability to generate profits relative to its equity base.

Overall, Centene's ROE performance indicates that the company has been effectively utilizing its shareholders' equity to generate returns. However, investors may want to monitor the trend closely to assess the sustainability of Centene's profitability and efficiency in utilizing its equity capital.