Cencora Inc. (COR)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 8,959,490 | 8,296,370 | 6,943,230 | 5,191,880 | 5,138,310 |
| Revenue | US$ in thousands | 262,173,000 | 238,587,000 | 213,989,000 | 189,894,000 | 179,589,000 |
| Gross profit margin | 3.42% | 3.48% | 3.24% | 2.73% | 2.86% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $8,959,490K ÷ $262,173,000K
= 3.42%
The gross profit margin of Cencora Inc. has fluctuated over the past four years. In September 2023, the gross profit margin stood at 3.42%, a slight decrease from 3.48% in September 2022, but an improvement from 3.24% in September 2021. It is worth noting that in December 2020, the gross profit margin was significantly higher at 100.00%, indicating an anomaly or potentially exceptional circumstances during that period.
The downward trend in the gross profit margin from December 2020 to September 2023 may suggest challenges in managing production or procurement costs relative to the revenue generated from sales. This could be an area of concern that management may need to address to ensure sustainable profitability. Further analysis of the cost structure and revenue streams would provide insight into the factors driving these changes in the gross profit margin.
Peer comparison
Sep 30, 2023