Cencora Inc. (COR)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.58 | 5.50 | 5.76 | 5.49 | 5.52 | 5.62 | 5.59 | 5.59 | 5.73 | 5.80 | 5.79 | 5.53 | 5.45 | 5.43 | 6.07 | 5.65 | 5.83 | 6.22 | 5.90 | 6.07 | |
| Number of days of payables | days | 65.46 | 66.41 | 63.32 | 66.44 | 66.07 | 64.99 | 65.24 | 65.30 | 63.70 | 62.94 | 62.99 | 66.01 | 67.01 | 67.26 | 60.13 | 64.55 | 62.65 | 58.69 | 61.91 | 60.18 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.58
= 65.46
The number of days of payables for Cencora Inc. has shown some fluctuations over the past several quarters. As of September 30, 2024, the company had an average of 65.46 days of payables outstanding, indicating the number of days it takes for the company to pay its suppliers.
Looking at the trend, we can see that there have been fluctuations in the number of days of payables over the quarters. The number of days of payables ranged from a low of 58.69 days on December 31, 2019, to a high of 67.26 days on March 31, 2021. Overall, the company seems to have been managing its payables reasonably well, with the number of days generally staying within a moderate range.
It is important to consider the number of days of payables in conjunction with other financial ratios and metrics to get a more comprehensive view of the company's financial health and operational efficiency. Continued monitoring and analysis of payables management will be crucial for understanding the company's working capital management and overall financial performance.
Peer comparison
Sep 30, 2024