Cencora Inc. (COR)
Net profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,509,120 | 1,745,290 | 1,698,820 | 1,539,930 | -3,408,720 |
| Revenue | US$ in thousands | 293,959,000 | 262,173,000 | 238,587,000 | 213,989,000 | 189,894,000 |
| Net profit margin | 0.51% | 0.67% | 0.71% | 0.72% | -1.80% |
September 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,509,120K ÷ $293,959,000K
= 0.51%
The net profit margin of Cencora Inc. has shown a downward trend over the past five years, decreasing from 0.72% in 2021 to 0.51% in 2024. This decline indicates a reduction in the company's ability to convert its revenue into profits. The significant drop in the net profit margin from -1.80% in 2020 to positive figures in subsequent years suggests that Cencora Inc. has made efforts to improve its profitability, although the margin remains relatively low.
The fluctuations in the net profit margin may be attributed to various factors such as changes in operating expenses, cost of goods sold, or revenue generation. It is essential for stakeholders to closely monitor this metric as it provides insights into the company's efficiency and profitability. Further analysis and comparison with industry benchmarks could help in understanding the competitive position of Cencora Inc. in the market.
Peer comparison
Sep 30, 2024