Centene Change To Account Receivables vs Net Borrowings Analysis

CNC Stock  USD 58.93  1.25  2.17%   
Centene Corp financial indicator trend analysis is way more than just evaluating Centene Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Centene Corp is a good investment. Please check the relationship between Centene Corp Change To Account Receivables and its Net Borrowings accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.

Change To Account Receivables vs Net Borrowings

JavaScript chart by amCharts 3.21.1520162018202020222024-4B-3.5B-3B-2.5B-2B-1.5B-1B-500M0 -1B-500M0500M1B1.5B2B2.5B3B3.5B4B4.5B5B5.5B6B6.5B
JavaScript chart by amCharts 3.21.15Change To Account Receivablestotal: -18BNet Borrowingstotal: 10B

Change To Account Receivables vs Net Borrowings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Centene Corp Change To Account Receivables account and Net Borrowings. At this time, the significance of the direction appears to have weak relationship.
Change To Account ReceivablesNet BorrowingsDiversified AwayChange To Account ReceivablesNet BorrowingsDiversified Away100%
The correlation between Centene Corp's Change To Account Receivables and Net Borrowings is 0.3. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Net Borrowings in the same time period over historical financial statements of Centene Corp, assuming nothing else is changed. The correlation between historical values of Centene Corp's Change To Account Receivables and Net Borrowings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Centene Corp are associated (or correlated) with its Net Borrowings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Borrowings has no effect on the direction of Change To Account Receivables i.e., Centene Corp's Change To Account Receivables and Net Borrowings go up and down completely randomly.

Correlation Coefficient

0.3
Relationship DirectionPositive 
Relationship StrengthVery Weak

Change To Account Receivables

Net Borrowings

The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.
Most indicators from Centene Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.At present, Centene Corp's Sales General And Administrative To Revenue is projected to increase slightly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 9.2 B, whereas Discontinued Operations is forecasted to decline to about 1.8 M.
 2022 2023 2024 2025 (projected)
Gross Profit16.7B31.5B34.6B36.4B
Total Revenue144.5B154.0B163.1B171.2B

Centene Corp fundamental ratios Correlations

0.991.00.890.990.890.70.990.931.00.830.670.980.880.920.940.960.970.990.980.960.990.97-0.880.870.95
0.990.990.890.980.920.721.00.940.990.850.680.960.880.940.910.920.981.00.980.940.970.94-0.910.840.93
1.00.990.921.00.890.740.990.950.990.840.660.970.910.940.920.930.950.990.960.951.00.95-0.890.870.95
0.890.890.920.930.880.780.910.930.870.790.450.810.910.890.770.740.80.90.810.810.930.82-0.810.880.81
0.990.981.00.930.910.760.990.960.980.860.650.960.920.950.90.920.940.980.950.931.00.94-0.880.870.92
0.890.920.890.880.910.870.930.890.880.810.490.820.910.950.770.740.880.920.870.810.880.79-0.870.770.78
0.70.720.740.780.760.870.760.820.670.720.410.590.930.860.50.520.650.720.640.560.730.52-0.70.580.62
0.991.00.990.910.990.930.760.960.980.860.670.950.90.960.890.910.970.990.970.920.980.93-0.90.830.91
0.930.940.950.930.960.890.820.960.910.870.690.860.930.950.770.820.880.930.880.810.940.84-0.90.760.84
1.00.990.990.870.980.880.670.980.910.820.670.990.870.910.950.960.970.990.980.970.980.98-0.870.860.95
0.830.850.840.790.860.810.720.860.870.820.750.770.80.910.660.740.820.850.810.70.820.74-0.820.590.72
0.670.680.660.450.650.490.410.670.690.670.750.660.510.70.520.710.730.660.720.530.610.6-0.710.240.61
0.980.960.970.810.960.820.590.950.860.990.770.660.810.850.970.990.960.950.970.980.960.99-0.830.860.95
0.880.880.910.910.920.910.930.90.930.870.80.510.810.920.750.760.810.880.810.790.910.77-0.770.790.81
0.920.940.940.890.950.950.860.960.950.910.910.70.850.920.760.80.910.940.90.80.910.81-0.920.710.83
0.940.910.920.770.90.770.50.890.770.950.660.520.970.750.760.960.920.910.931.00.920.98-0.770.910.96
0.960.920.930.740.920.740.520.910.820.960.740.710.990.760.80.960.940.920.950.960.930.97-0.780.80.95
0.970.980.950.80.940.880.650.970.880.970.820.730.960.810.910.920.940.981.00.930.930.93-0.890.770.93
0.991.00.990.90.980.920.720.990.930.990.850.660.950.880.940.910.920.980.980.940.970.94-0.910.850.93
0.980.980.960.810.950.870.640.970.880.980.810.720.970.810.90.930.951.00.980.950.940.95-0.890.790.94
0.960.940.950.810.930.810.560.920.810.970.70.530.980.790.81.00.960.930.940.950.950.99-0.790.920.97
0.990.971.00.931.00.880.730.980.940.980.820.610.960.910.910.920.930.930.970.940.950.96-0.850.90.94
0.970.940.950.820.940.790.520.930.840.980.740.60.990.770.810.980.970.930.940.950.990.96-0.80.90.95
-0.88-0.91-0.89-0.81-0.88-0.87-0.7-0.9-0.9-0.87-0.82-0.71-0.83-0.77-0.92-0.77-0.78-0.89-0.91-0.89-0.79-0.85-0.8-0.66-0.82
0.870.840.870.880.870.770.580.830.760.860.590.240.860.790.710.910.80.770.850.790.920.90.9-0.660.87
0.950.930.950.810.920.780.620.910.840.950.720.610.950.810.830.960.950.930.930.940.970.940.95-0.820.87
Click cells to compare fundamentals

Centene Corp Account Relationship Matchups

Centene Corp fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets68.7B78.4B76.9B84.6B82.4B86.6B
Short Long Term Debt Total16.8B18.8B18.0B18.9B18.5B19.5B
Total Stockholder Equity25.8B26.8B24.1B25.8B26.4B27.7B
Net Debt6.0B5.7B5.9B1.7B4.5B4.7B
Non Current Assets Total45.3B49.9B46.7B43.9B44.4B46.7B
Non Currrent Assets Other1.5B3.5B2.2B1.5B2.0B2.1B
Other Assets1.2B2.7B4.8B1.2B1.4B1.5B
Liabilities And Stockholders Equity68.7B78.4B76.9B84.6B82.4B86.6B
Non Current Liabilities Total21.2B25.6B24.2B23.2B21.7B22.8B
Other Stockholder Equity18.6B18.6B15.8B14.4B11.6B12.1B
Total Liab42.8B51.4B52.6B58.7B55.9B58.7B
Common Stock Shares Outstanding579.1M590.5M582.0M545.7M523.7M304.7M
Other Current Liab12.4B5.8B7.2B19.3B5.1B3.7B
Total Current Liabilities21.6B25.8B28.5B36.7B34.3B36.0B
Other Liab1.1B4.5B7.0B3.1B3.6B3.7B
Property Plant And Equipment Net2.8B3.4B2.4B2.4B2.1B2.2B
Retained Earnings6.8B8.1B9.3B12.0B15.3B16.1B
Accounts Payable8.5B8.3B9.3B16.3B13.0B13.7B
Cash10.8B13.1B12.1B17.2B14.1B14.8B
Long Term Debt16.7B18.6B17.9B17.7B18.4B19.3B
Cash And Short Term Investments12.4B14.7B14.4B19.7B16.7B17.5B
Net Receivables9.7B12.2B13.3B15.5B19.7B20.7B
Good Will18.7B19.8B18.8B17.6B20.2B21.2B
Short Term Investments1.6B1.5B2.3B2.5B2.6B2.8B
Other Current Assets11.0B13.8B15.7B5.6B21.3B22.4B
Property Plant And Equipment Gross4.1B3.4B2.4B4.4B5.2B5.5B
Total Current Assets23.4B28.5B30.1B40.8B38.0B39.9B
Accumulated Other Comprehensive Income337M77M(1.1B)(652M)(504M)(478.8M)
Intangible Assets8.4B7.8B6.9B6.1B5.4B5.7B
Property Plant Equipment2.1B2.8B3.4B2.4B2.8B2.9B
Current Deferred Revenue523M434M478M715M661M694.1M
Short Term Debt97M471M262M287M268M281.4M
Treasury Stock(214M)(816M)(1.1B)(4.2B)(3.8B)(3.6B)
Net Tangible Assets3.7B(1.2B)(800M)(1.6B)(1.4B)(1.4B)
Noncontrolling Interest In Consolidated Entity108M112M145M124M142.6M149.7M
Retained Earnings Total Equity5.0B6.8B8.1B9.3B10.7B11.3B

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Centene Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Centene Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Centene Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Centene Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Health Care Providers & Services space 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
6.337
Earnings Share
6.31
Revenue Per Share
282.046
Quarterly Revenue Growth
0.023
Return On Assets
0.037
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 if Centene Corp is a good investment 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.

Discover investing ideas

Utilize additional investing modules

News Freq…Investor S…100%