Cencora Inc. (COR)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 6.15 | 6.19 | 6.04 | |
| Number of days of payables | days | 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 | 59.39 | 58.92 | 60.46 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.49
= 66.44
The number of days of payables for Cencora Inc. has been relatively stable over the past eight quarters, ranging between 62.94 days and 66.44 days. This indicates that, on average, the company takes approximately 63 to 66 days to pay its trade payables. The minor fluctuations in this ratio suggest that Cencora Inc. has been able to manage its payment schedule effectively over the period under consideration. However, it is important to consider the industry average and compare this ratio with those of competitors to gain a better understanding of Cencora Inc.'s payables management performance.
Peer comparison
Dec 31, 2023
Company name
Symbol
Number of days of payables
Cencora Inc.
COR
66.44
Cardinal Health Inc
CAH
52.83
McKesson Corporation
MCK
56.26
Nu Skin Enterprises Inc
NUS
8.27