Returns On Capital At Centene (NYSE:CNC) Have Hit The Brakes [Yahoo! Finance]
Centene Corporation (CNC)
Last centene corporation earnings: 4/28 06:00 am
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centene.com/investors.html
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Source: Yahoo! Finance
employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Although, when we looked at Centene NYSE:CNC ), it didn't seem to tick all of these boxes. Understanding Return On Capital Employed (ROCE) If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on Centene is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.094 = US$4.7b ÷ (US$83b - US$33b) (Based on the trailing twelve months to March 2024) So, Centene has an ROCE of 9.4%. On its own, that's a low figure but it's around the 11% average generated by the Healthcare industry. View our latest analysis for Centene Above you can see how the current ROCE for Centene compares
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News
- Centene (CNC) to Continue Serving Kansas' Medicaid Members [Yahoo! Finance]Yahoo! Finance
- CENTENE CORPORATION NAMED ONE OF TOP 50 COMPANIES FOR DIVERSITY BY FAIR360 [Yahoo! Finance]Yahoo! Finance
- CENTENE CORPORATION NAMED ONE OF TOP 50 COMPANIES FOR DIVERSITY BY FAIR360PR Newswire
- Oklahoma Complete Health Encourages Members to Complete Health Risk Screening Form to Access Additional Services [Yahoo! Finance]Yahoo! Finance
- Oklahoma Complete Health Encourages Members to Complete Health Risk Screening Form to Access Additional ServicesPR Newswire
CNC
Earnings
- 4/26/24 - Beat
CNC
Sec Filings
- 5/16/24 - Form 8-K
- 5/15/24 - Form 4
- 5/13/24 - Form 144
- CNC's page on the SEC website