Cencora Inc. (COR)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 179,589,200 | 177,248,500 | 175,151,500 |
| Receivables | US$ in thousands | 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 | 12,386,900 | 11,989,000 | 12,222,300 |
| Receivables turnover | 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 | 14.50 | 14.78 | 14.33 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $271,579,300K ÷ $21,598,200K
= 12.57
The receivables turnover ratio measures how effectively a company is managing and collecting its accounts receivable. A higher turnover ratio indicates that the company is able to collect its outstanding receivables more efficiently.
Looking at Cencora Inc.'s receivables turnover over the past eight quarters, we can observe a relatively stable trend, with the ratio fluctuating between 12.21 and 12.92. This consistency may indicate that Cencora Inc. has been maintaining a consistent collection process for its receivables.
A ratio of around 12 implies that Cencora Inc. is collecting its accounts receivable approximately 12 times a year, or once a month on average. This high turnover suggests that the company has an efficient credit and collection policy in place.
Overall, the consistent and relatively high receivables turnover ratio suggests that Cencora Inc. has been effectively managing its accounts receivable, which is a positive indicator of its financial health and operational efficiency.
Peer comparison
Dec 31, 2023