Centene Operating Income Trend from 2010 to 2022

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USD 94.01  0.81  0.85%   

Centene Corp Operating Income is increasing over the years with slightly volatile fluctuation. Operating Income is expected to dwindle to about 1.6 B. From 2010 to 2022 Centene Corp Operating Income quarterly data regression line had arithmetic mean of 1,085,863,632 and slope of  192,823,595. Centene Corp Direct Expenses is projected to increase significantly based on the last few years of reporting. The past year's Direct Expenses was at 103.5 Billion. The current year Cost of Revenue is expected to grow to about 120.6 B, whereas Consolidated Income is forecasted to decline to about 1.1 B.
  
Check Centene Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Centene main balance sheet or income statement drivers, such as Direct Expenses of 111.7 B, Consolidated Income of 1.1 B or Cost of Revenue of 120.6 B, as well as many exotic indicators such as Interest Coverage of 2.75, Long Term Debt to Equity of 0.63 or Calculated Tax Rate of 35.51. Centene financial statements analysis is a perfect complement when working with Centene Corp Valuation or Volatility modules. It can also supplement Centene Corp's financial leverage analysis and stock options assessment as well as various Centene Corp Technical models . Continue to the analysis of Centene Corp Correlation against competitors.

Centene Corp Quarterly Operating Income

(129 Million)

Centene Operating Income Breakdown

Showing smoothed Operating Income of Centene Corp with missing and latest data points interpolated. Operating Income is the amount of profit realized from Centene Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Centene Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Operating income is a measure of financial performance before the deduction of Interest Expense; Income Tax Expense and other Non-Operating items. It is calculated as Gross Profit minus Operating Expenses.Centene Corp's Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Centene Corp's overall financial position and show how it may be relating to other accounts over time.
Operating Income10 Years Trend
Increasing
Slightly volatile
   Operating Income   
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       Timeline  

Centene Operating Income Regression Statistics

Arithmetic Mean 1,085,863,632
Geometric Mean 719,914,264
Coefficient Of Variation 80.14
Mean Deviation 700,550,121
Median 1,199,000,000
Standard Deviation 870,244,395
Range 2,974,000,000
R-Value 0.86
R-Squared 0.74
Significance 0.00014594
Slope 192,823,595

Centene Operating Income History

2012108 M
2013277 M
2014464 M
2015705 M
20161.3 B
20171.2 B
20181.5 B
20191.8 B
20203.1 B
20211.8 B
20221.6 B

About Centene Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Centene Corp income statement, its balance sheet, and the statement of cash flows. Centene Corp investors use historical funamental indicators, such as Centene Corp's Operating Income, to determine how well the company is positioned to perform in the future. Although Centene Corp investors may use each financial statement separately, they are all related. The changes in Centene Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Centene Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Centene Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Centene Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Operating Income1.8 B1.6 B
Net Income Per Employee18.6 K17.9 K
Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Centene Corporation was founded in 1984 and is headquartered in St. Centene Corp operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. It employs 72500 people.

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Our tools can tell you how much better you can do entering a position in Centene Corp without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Centene Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Centene Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Centene Corp will appreciate offsetting losses from the drop in the long position's value.

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The ability to find closely correlated positions to Centene Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centene Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Centene Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Centene Corp to buy it.
The correlation of Centene Corp is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centene Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centene Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Centene Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to the analysis of Centene Corp Correlation against competitors. Note that the Centene Corp information on this page should be used as a complementary analysis to other Centene Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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Is Centene Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.21
Market Capitalization
55 B
Quarterly Revenue Growth YOY
0.16
Return On Assets
0.0352
Return On Equity
0.0704
The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Centene Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.