Cencora Inc. (COR)
Fixed asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 293,958,600 | 283,830,800 | 276,536,400 | 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 |
| Property, plant and equipment | US$ in thousands | 2,181,410 | 2,080,880 | 2,089,500 | 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 |
| Fixed asset turnover | 134.76 | 136.40 | 132.35 | 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 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $293,958,600K ÷ $2,181,410K
= 134.76
The fixed asset turnover ratio for Cencora Inc. has been relatively stable and consistently high over the past few quarters, indicating that the company is effectively utilizing its fixed assets to generate revenue. The ratio has shown a positive trend, increasing from 98.93 in December 2021 to 136.40 in June 2024.
A high fixed asset turnover ratio signifies that the company is efficient in generating sales using its fixed assets, such as property, plant, and equipment. This can be a positive indicator of operational efficiency and effective asset management.
Overall, the trend in Cencora Inc.'s fixed asset turnover ratio suggests that the company is effectively deploying its fixed assets to drive revenue growth. It is important for the company to sustain this efficiency in asset utilization to support its profitability and long-term financial performance.
Peer comparison
Sep 30, 2024