Centene Historical Financial Ratios

CNC -  USA Stock  

USD 82.95  0.69  0.82%

Centene Corp is presently reporting on over 72 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Long Term Debt to Equity of 0.63, Calculated Tax Rate of 35.51 or PPandE Turnover of 37.33 will help investors to properly organize and evaluate Centene Corp financial condition quickly. Financial Statement Analysis is way more than just reviewing and evaluating Centene Corp prevailing accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Centene Corp is a good buy for the upcoming year.
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About Centene Financial Ratios Analysis

Centene CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Centene Corp investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Centene financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Centene Corp history.

Centene Corp Financial Ratios Chart

Centene Corp financial ratios usually calculated using numerical values taken directly from Centene Corp financial statements such as income statements or balance sheets. They help investors to obtain meaningful information about Centene Corp. Most financial ratios help to conduct quantitative analysis to assess vital information about the company's valuation as well as profitability and liquidity indicators such as leverage, growth, profit margins, and different types of rates of return.
Centene Corp Interest Coverage is projected to drop based on the last few years of reporting. The past year's Interest Coverage was at 2.68. The current year Calculated Tax Rate is expected to grow to 35.51, whereas Long Term Debt to Equity is forecasted to decline to 0.63.

Return on Average Assets

Return on assets measures how profitable a company is Net Income Common Stock relative to its total assets [AssetsAvg].

Return on Average Equity

Return on equity measures a corporation's profitability by calculating the amount of Net Income Common Stock returned as a percentage of [EquityAvg].

Return on Sales

Return on Sales is a ratio to evaluate a company's operational efficiency; calculated by dividing Earning Before Interest and Taxes EBIT by Revenues. ROS is often a component of DuPont ROE analysis.
Most ratios from Centene Corp fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Centene Corp current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Continue to Trending Equities.Centene Corp Interest Coverage is projected to drop based on the last few years of reporting. The past year's Interest Coverage was at 2.68. The current year Calculated Tax Rate is expected to grow to 35.51, whereas Long Term Debt to Equity is forecasted to decline to 0.63.
 2019 2020 2022 (projected)
Long Term Debt to Equity1.090.650.63
Interest Coverage4.324.232.75

Centene Corp fundamentals Correlations

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Centene Corp Account Relationship Matchups

Centene Corp fundamentals Accounts

201720182019202020212022 (projected)
Interest Coverage4.74.254.324.232.682.75
Long Term Debt to Equity0.790.690.611.090.650.63
Calculated Tax Rate28.7534.6526.5435.326.3135.51
PPandE Turnover50.942.7939.0145.2840.8737.33
Receivables Turnover14.8614.0413.113.911.4911.79
Accounts Payable Turnover12.2114.6318.1719.7316.1922.47
Operating Margin2.482.432.392.771.422.18
Cash and Equivalents Turnover12.0912.778.559.6710.5312.24
Return on Investment10.8510.08.128.964.054.15
Cash Flow Per Share4.292.993.579.467.227.79
Revenue to Assets2.211.951.821.621.612.2
Total Assets Per Share63.0174.9298.77118.18134.55145.18
Quick Ratio0.870.860.941.491.020.97
Net Current Assets as percentage of Total Assets(2.88)0.087418.032.633.493.05
Asset Turnover2.
Book Value per Share19.8627.9830.3545.1645.9749.6
Current Ratio0.931.01.571.081.111.22
Debt to Equity Ratio2.42.191.821.661.922.16
Earnings per Basic Share1.762.42.313.193.172.22
Earnings per Diluted Share2.342.
Earnings per Basic Share USD1.762.42.313.193.172.22
Enterprise Value over EBIT8.
Enterprise Value over EBITDA10.0810.499.428.2613.4912.62
Free Cash Flow per Share3.091.431.828.125.654.83
Price to Book Value2.542.172.071.351.791.92
Price to Earnings Ratio21.0224.9619.7118.9435.6736.61
Price to Sales Ratio0.340.220.360.350.310.39
Return on Average Assets0.0380.0310.0370.0270.0180.0244
Return on Invested Capital0.
Sales per Share140.3154.05180.51194.69216.16181.93
Tangible Assets Book Value per Share45.5555.4777.5673.0387.1370.4

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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.

Centene Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 Trending Equities. 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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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
Market Capitalization
48.9 B
Quarterly Revenue Growth YOY
Return On Assets
Return On Equity
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.