Cencora Inc. (COR)
Total asset 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 |
| Total assets | US$ in thousands | 67,101,700 | 66,772,400 | 63,868,000 | 64,690,300 | 62,558,700 | 61,177,200 | 58,766,200 | 57,906,900 | 56,560,600 | 57,173,600 | 57,308,200 | 57,577,600 | 57,337,800 | 55,930,900 | 47,003,200 | 45,846,800 | 44,274,800 | 40,789,700 | 42,042,300 | 40,016,700 |
| Total asset turnover | 4.38 | 4.25 | 4.33 | 4.20 | 4.19 | 4.16 | 4.21 | 4.18 | 4.22 | 4.13 | 4.01 | 3.84 | 3.73 | 3.65 | 4.18 | 4.24 | 4.29 | 4.57 | 4.43 | 4.55 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $293,958,600K ÷ $67,101,700K
= 4.38
The total asset turnover of Cencora Inc. has shown a generally positive trend over the past few quarters, indicating the company's ability to efficiently utilize its assets to generate sales revenue. The ratio has consistently stayed above 4, which suggests that for every dollar of assets owned by the company, it generates approximately $4.20 to $4.38 in sales.
The highest total asset turnover was observed in the third quarter of 2020, at 4.57, indicating effective asset management during that period. Although there was a slight dip in the ratio in the first quarter of 2021, it picked up and remained relatively stable above 4 in subsequent quarters.
The company's ability to maintain a total asset turnover above 4 demonstrates efficient asset utilization, which is a positive indicator for investors and creditors. It suggests that Cencora Inc. is efficient in converting its investments in assets into sales, reflecting effective operational management.
Overall, the trend in total asset turnover for Cencora Inc. indicates a sound operational performance and efficient management of its assets to drive revenue generation.
Peer comparison
Sep 30, 2024