Cencora Inc. (COR)

Total asset 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
Total assets US$ in thousands 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 39,172,000 38,478,500 38,810,300
Total asset turnover 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 4.58 4.61 4.51

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $271,579,300K ÷ $64,690,300K
= 4.20

The total asset turnover ratio for Cencora Inc. has been relatively stable over the past eight quarters, ranging from 4.01 to 4.22, with an average of approximately 4.16. This indicates that, on average, the company generates $4.16 in sales for every dollar of assets it owns. The consistency of the ratio suggests that Cencora Inc. has been effective in utilizing its assets to generate sales revenue. However, it is important to consider other factors such as industry benchmarks and the company's specific business model to gain a more comprehensive understanding of its financial performance.


Peer comparison

Dec 31, 2023