Cencora Inc. (COR)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 293,959,000 | 262,173,000 | 238,587,000 | 213,989,000 | 189,894,000 |
| Receivables | US$ in thousands | 23,960,000 | 20,988,200 | 18,625,200 | 18,389,000 | 14,334,700 |
| Receivables turnover | 12.27 | 12.49 | 12.81 | 11.64 | 13.25 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $293,959,000K ÷ $23,960,000K
= 12.27
The receivables turnover ratio for Cencora Inc. has shown a fluctuating trend over the past five years. The ratio indicates how efficiently the company is managing its accounts receivable by converting them into cash.
In 2024, the receivables turnover ratio decreased slightly to 12.27 times compared to the previous year's ratio of 12.49 times. This suggests that Cencora Inc. took slightly longer to collect payments from its customers in 2024.
Despite the slight decrease in 2024, Cencora Inc. has maintained a relatively stable receivables turnover ratio, with values ranging from 11.64 to 13.25 over the five-year period. This consistency indicates that the company has been consistent in managing its accounts receivable efficiently.
Overall, while there was a minor dip in the receivables turnover ratio in 2024, Cencora Inc. has demonstrated a generally solid performance in converting its accounts receivable into cash over the past five years. The company should continue to monitor and improve its credit and collection practices to ensure optimal cash flow management.
Peer comparison
Sep 30, 2024