Cencora Inc. (COR)
Payables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 284,049,000 | 253,214,000 | 230,291,000 | 207,046,000 | 184,702,000 |
| Payables | US$ in thousands | 50,942,200 | 45,836,000 | 40,192,900 | 38,010,000 | 31,705,100 |
| Payables turnover | 5.58 | 5.52 | 5.73 | 5.45 | 5.83 |
September 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $284,049,000K ÷ $50,942,200K
= 5.58
The payables turnover ratio of Cencora Inc. has been relatively stable over the past five years, ranging from 5.45 to 5.83. This indicates that the company is able to effectively manage its accounts payable by efficiently paying off its suppliers within a reasonable timeframe.
A higher payables turnover ratio suggests that the company is paying its suppliers more frequently, which can indicate strong liquidity and good relationships with suppliers. Conversely, a lower ratio may indicate that the company is taking longer to pay its suppliers, which could potentially strain relationships or signal cash flow issues.
Overall, Cencora Inc.'s consistent payables turnover ratio suggests that the company has a good balance in managing its payables, efficiently utilizing its cash flow while maintaining positive relationships with its suppliers.
Peer comparison
Sep 30, 2024