Cencora Inc. (COR)
Fixed asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 293,959,000 | 262,173,000 | 238,587,000 | 213,989,000 | 189,894,000 |
| Property, plant and equipment | US$ in thousands | 2,181,410 | 2,135,170 | 2,135,000 | 2,162,960 | 1,484,810 |
| Fixed asset turnover | 134.76 | 122.79 | 111.75 | 98.93 | 127.89 |
September 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $293,959,000K ÷ $2,181,410K
= 134.76
The fixed asset turnover ratio for Cencora Inc. has shown a fluctuating trend over the past five years. In the most recent fiscal year (as of Sep 30, 2024), the fixed asset turnover ratio was the highest at 134.76, indicating that the company generated $134.76 in sales for every $1 invested in fixed assets.
Compared to the prior year, there was an improvement in efficiency as the ratio increased from 122.79 in Sep 30, 2023. This suggests that Cencora Inc. was able to utilize its fixed assets more effectively to generate revenue.
Looking back further, the fixed asset turnover ratio has generally been on an upward trajectory since Sep 30, 2020, when it was 127.89. This indicates that the company has been progressively improving its efficiency in utilizing its fixed assets to generate sales over the years.
Overall, the trend in the fixed asset turnover ratio for Cencora Inc. demonstrates increasing efficiency in converting fixed assets into revenue, with the most recent year showing a substantial improvement in asset utilization compared to the previous years. It suggests that the company has been managing its fixed assets effectively to drive sales growth and maximize operational efficiency.
Peer comparison
Sep 30, 2024