Cencora Inc. (COR)
Receivables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 262,173,000 | 238,587,000 | 213,989,000 | 189,894,000 | 179,589,000 |
| Receivables | US$ in thousands | 20,988,200 | 18,625,200 | 18,389,000 | 14,334,700 | 12,386,900 |
| Receivables turnover | 12.49 | 12.81 | 11.64 | 13.25 | 14.50 |
September 30, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $262,173,000K ÷ $20,988,200K
= 12.49
The receivables turnover of Cencora Inc. has been relatively stable over the past four years, ranging from 9.95 to 12.81. This indicates that the company efficiently collects payments from its customers. The higher the turnover ratio, the more effectively the company is managing its receivables.
The slight decrease in receivables turnover from 2022 to 2023 may be indicative of a longer collection period or an increase in the average accounts receivable balance. It is important for the company to monitor its collection policies and credit terms to ensure efficient management of its receivables. Additionally, further analysis of the trend in sales and accounts receivable balances may provide insights into the underlying causes of the changes in the receivables turnover ratio.
Peer comparison
Sep 30, 2023