Centene Corp

NYSE CNC

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Centene Corp Return on Capital Employed (ROCE) 3 year CAGR for the quarter ending March 31, 2024: 0.75%

Centene Corp Return on Capital Employed (ROCE) 3 year CAGR is 0.75% for the quarter ending March 31, 2024, a -98.78% change year over year. Return on capital employed (ROCE) measures the profitability of a company relative to the capital invested in its operations. It is calculated by dividing the earnings before interest and taxes (EBIT) by the total assets minus the current liabilities. This ratio provides insights into the efficiency and profitability of the company's capital utilization. A higher ROCE suggests better profitability and effective capital deployment. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Centene Corp Return on Capital Employed (ROCE) for the quarter ending March 31, 2023 was 2.43%, a 3.20% change year over year.
  • Centene Corp Return on Capital Employed (ROCE) for the quarter ending March 31, 2022 was 2.35%, a 7.24% change year over year.
  • Centene Corp Return on Capital Employed (ROCE) for the quarter ending March 31, 2021 was 2.20%, a 278.14% change year over year.
  • Centene Corp Return on Capital Employed (ROCE) for the quarter ending March 31, 2020 was 0.58%, a -82.69% change year over year.
NYSE: CNC

Centene Corp

CEO Ms. Sarah M. London
IPO Date Dec. 13, 2001
Location United States
Headquarters Centene Plaza, Saint Louis, MO, United States, 63105
Employees 59,900
Sector Healthcare
Industry Healthcare plans
Description

Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, commercial organizations, and military families in the United States. The company operates through Medicaid, Medicare, Commercial, and Other segments. The Medicaid segment offers health plan coverage, including medicaid expansion, aged, blind, disabled, children's health insurance program, foster care, medicare-medicaid plans, long-term services and support. This segment also provides healthcare products. The Medicare segment offers special needs and medicare supplement, and prescription drug plans. The Commercial segment provides health insurance marketplace product for individual, small, and large group commercials. It also operates clinical healthcare and pharmacies, as well as offers dental services. In addition, the company engages in the government contracts business under the TRICARE program and other healthcare related government contracts. It provides services through primary and specialty care physicians, hospitals, and ancillary providers. Centene Corporation was founded in 1984 and is headquartered in Saint Louis, Missouri.

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StockViz Staff

September 19, 2024

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