Cencora Inc. (COR)
Net profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,745,290 | 1,698,820 | 1,539,930 | -3,408,720 | 855,365 |
| Revenue | US$ in thousands | 262,173,000 | 238,587,000 | 213,989,000 | 189,894,000 | 179,589,000 |
| Net profit margin | 0.67% | 0.71% | 0.72% | -1.80% | 0.48% |
September 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,745,290K ÷ $262,173,000K
= 0.67%
The net profit margin of Cencora Inc. has exhibited a declining trend over the past four fiscal years. In Sep 30, 2023, the net profit margin stood at 0.67%, marking a decrease from 0.71% in Sep 30, 2022, and a further decline from 0.72% in Sep 30, 2021. The most significant drop, however, is evident when comparing the Sep 30, 2023, figure to the prior year end, which saw a notably higher net profit margin of 13.07% as of Dec 31, 2020. This suggests a substantial reduction in the company's profitability in fiscal year 2023 compared to the preceding period. Further analysis and investigation are necessary to understand the factors contributing to this declining trend in net profit margin.
Peer comparison
Sep 30, 2023