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Centene Corporation  (CNC)
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Centene's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Centene's ROA in the fourth quarter of 2023?
Centene Corporation achieved a return on average assets (ROA) of 1.78 % in its fourth quarter of 2023, which is below Centene's average return on assets, which stands at 3.41%.

ROA decreased relative to the period ending Jun 30 2023, due to the decline in net income.

However, within the Financial sector 155 other companies had a higher return on assets. While return on assets, the total ranking has deteriorated compared to the second quarter of 2023 from to 1330.

What is ROA?


Return On Assets (Dec 31 2023)
IV. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Total Assets Change 5.99 % 22.08 % 19.2 % 16.82 % 22.49 %
Y / Y Net Income Change - - 32.63 % - 27.37 %
Net Income (TTM) in million 1,740 2,706 1,480 1,202 2,014
Return On Assets (TTM) 1.78 % 2.81 % 1.61 % 1.37 % 2.39 %
CNC's Total Ranking # 1330 # # 1558 # 2007 # 2423
Total Assets (TTM) in million 100,927 98,961 98,815 91,554 95,225
Seq. Total Assets Change 1.99 % 0.15 % 7.93 % -3.86 % 17.47 %
Seq. Net Income Change - -6.64 % - - -



Return On Assets Company Ranking
Within: No.
Industry # 5
Sector # 156
Overall # 1326

Return On Assets Statistics
High Average Low
5.98 %
3.41 %
1 %
  (Sep 30 2021)





Financial Statements
Centene's Assets $ 100,927 million CNC's Balance sheet
Centene's Income $ -226 million Quarterly CNC's Income Statement
CNC's Income by Division See CNC's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023
(Dec 31 2022)
FY 2022
(Dec 31 2021)
FY 2021
(Dec 31 2020)
FY 2020
(Dec 31 2019)
FY 2019
Y / Y Total Assets Change 10.24 % 16.82 % 14.05 % 67.63 % 32.66 %
Total Assets in million 100,927 91,554 78,375 68,719 40,994
Y / Y Net Income Change 124.54 % -10.03 % -25.53 % 37.05 % 46.42 %
Net Income in million 2,699 1,202 1,336 1,794 1,309
Return On Assets 2.67 % 1.31 % 1.7 % 2.61 % 3.19 %




Comment on CNC's ROA in the fiscal year ending 2023
In the fiscal year 2023 ROA improved to 2.67 % compared to prior year, due to annual net income growth of 124.54 % to $2,699.00 million, while value of Centene's overall assets grew just by 10.24 % to $100,927.00 million, compared to $100,927.00 a year before.


More Return On Assets Ratios
CNC's' Return on Assets at Yahoo Finance
Accident & Health Insurance Industry Return On Assets Trends and Statistics
Financial Sector Roa Statistics
Roa Trends for overall market
CNC's Roa Ratio versus Accident & Health Insurance Industry, Financial Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for CNC's Competitors
Roa for Centene's Suppliers
Return On Assets for CNC's Customers

You may also want to know
CNC's Roi CNC's Inventory Turnover Ratio CNC's Growth Rates CNC's Dividend Comparisons
CNC's Profitability Ratios CNC's Asset Turnover Ratio CNC's Dividend Growth
CNC's Roe CNC's Valuation Ratios CNC's Financial Strength Ratios CNC's Dividend Payout Ratio



Companies with similar Return On Assets at Dec 31 2023, within Financial Sector ROA
Rayonier Inc   4.82 %
Sba Communications Corporation  4.78 %
S and p Global Inc   4.75 %
Eastgroup Properties Inc   4.68 %
Tanger Inc  4.66 %
Humana Inc   4.64 %
Progressive Corp  4.62 %
Equifax inc   4.62 %
Avalonbay Communities inc   4.51 %
Camden Property Trust  4.42 %
Ares Acquisition Corporation Ii  4.35 %
Essential Properties Realty Trust Inc   4.32 %
Udr Inc   4.23 %
Chubb Limited  4.19 %
Morningstar inc   4.13 %
Nasdaq Inc   4.10 %
Four Corners Property Trust Inc   4.04 %
Stepstone Group Inc   4.03 %
Atlanticus Holdings Corp  4.02 %
Markel Group Inc   3.98 %
One Liberty Properties inc   3.90 %
Credit Acceptance Corp  3.90 %
National Storage Affiliates Trust  3.88 %
W R Berkley Corp  3.87 %
Crown Castle Inc  3.87 %
Virtus Investment Partners Inc   3.83 %
Ares Management Corporation  3.80 %
W P Carey Inc   3.80 %
Equity Commonwealth  3.79 %
Mr Cooper Group Inc   3.74 %


Date modified: 2024-02-20T23:16:21+00:00


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