Cencora Inc. (COR)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 271,579,300 | 262,173,300 | 254,425,100 | 247,542,700 | 241,804,900 | 238,586,900 | 236,325,200 | 229,666,300 | 221,101,100 | 213,988,900 | 204,321,300 | 196,282,400 | 194,545,800 | 189,893,900 | 186,286,900 | 186,159,400 | 182,061,400 | 179,589,200 | 177,248,500 | 175,151,500 |
| Property, plant and equipment | US$ in thousands | 2,117,280 | 2,135,170 | 2,147,880 | 2,149,940 | 2,139,780 | 2,135,000 | 2,104,760 | 2,138,600 | 2,129,700 | 2,162,960 | 2,143,080 | 1,482,750 | 1,477,040 | 1,484,810 | 1,455,010 | 1,421,770 | 1,442,380 | 1,770,520 | 1,767,430 | 1,858,870 |
| Fixed asset turnover | 128.27 | 122.79 | 118.45 | 115.14 | 113.00 | 111.75 | 112.28 | 107.39 | 103.82 | 98.93 | 95.34 | 132.38 | 131.71 | 127.89 | 128.03 | 130.93 | 126.22 | 101.43 | 100.29 | 94.22 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $271,579,300K ÷ $2,117,280K
= 128.27
The fixed asset turnover ratio for Cencora Inc. has been consistently increasing over the past eight quarters, reaching 128.27 at the end of December 2023, which indicates a significant improvement in the company's utilization of fixed assets to generate sales revenue.
This trend suggests that Cencora Inc. has been able to generate more sales revenue from its investment in fixed assets, such as property, plant, and equipment, over time. This may indicate improved operational efficiency and effective management of fixed assets.
A high fixed asset turnover ratio generally reflects efficient asset utilization, which can be a positive sign for investors and creditors as it indicates that the company is effectively using its fixed assets to drive sales. However, it is important to consider other factors such as industry norms, business cycles, and company-specific factors when interpreting this ratio in isolation.
Peer comparison
Dec 31, 2023