Cencora Inc. (COR)
Total asset 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 |
Total assets | US$ in thousands | 67,101,700 | 62,558,700 | 56,560,600 | 57,337,800 | 44,274,800 |
Total asset turnover | 4.38 | 4.19 | 4.22 | 3.73 | 4.29 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $293,959,000K ÷ $67,101,700K
= 4.38
The total asset turnover ratio for Cencora Inc. has shown fluctuations over the past five years, ranging from a low of 3.73 in 2021 to a high of 4.38 in 2024. This ratio indicates that Cencora Inc. generated $4.38 in sales for every $1 of total assets in 2024, reflecting an efficient utilization of assets to generate revenue.
The trend of total asset turnover has been relatively stable, with minor fluctuations seen in the range of 4.19 to 4.29 in the years 2020, 2022, and 2023. This consistency suggests that Cencora Inc. has been effectively managing its assets to support its sales performance over the years.
Overall, the total asset turnover ratio indicates the efficiency of Cencora Inc. in generating revenue from its total assets, and the consistent levels observed suggest a sound asset management strategy.
Peer comparison
Sep 30, 2024