Cencora Inc. (COR)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 293,958,600 | 283,830,800 | 276,536,400 | 271,579,300 | 262,173,300 | 254,425,100 | 247,542,700 | 241,804,900 | 238,586,900 | 236,325,200 | 229,666,300 | 221,101,100 | 213,988,900 | 204,321,300 | 196,282,400 | 194,545,800 | 189,893,900 | 186,286,900 | 186,159,400 | 182,061,400 |
| Receivables | US$ in thousands | 23,960,000 | 24,096,100 | 22,754,300 | 21,598,200 | 20,988,200 | 20,834,100 | 19,526,400 | 18,712,600 | 18,625,200 | 18,752,100 | 18,246,400 | 17,329,300 | 18,389,000 | 17,949,200 | 14,465,600 | 15,203,900 | 14,334,700 | 13,144,400 | 14,909,700 | 12,568,800 |
| Receivables turnover | 12.27 | 11.78 | 12.15 | 12.57 | 12.49 | 12.21 | 12.68 | 12.92 | 12.81 | 12.60 | 12.59 | 12.76 | 11.64 | 11.38 | 13.57 | 12.80 | 13.25 | 14.17 | 12.49 | 14.49 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $293,958,600K ÷ $23,960,000K
= 12.27
The receivables turnover for Cencora Inc. has fluctuated over the past 20 quarters, ranging from a low of 11.38 to a high of 14.49. On average, the company collects its accounts receivable approximately 12 times a year.
The trend in receivables turnover indicates that Cencora Inc. has been efficient in collecting payments from its customers. Higher turnover values suggest that the company is able to collect payments faster, which can be a positive sign of strong credit control and effective management of accounts receivable.
However, there was some variability in the turnover ratio over the period, which could be due to seasonality, changes in customer payment behavior, or shifts in business operations. It would be worth further investigation to understand the factors driving these fluctuations.
Overall, a consistent and healthy receivables turnover ratio is essential for maintaining cash flow and ensuring the company's financial stability. By monitoring this ratio over time, Cencora Inc. can continue to optimize its credit management practices and improve its overall financial health.
Peer comparison
Sep 30, 2024