Cencora Inc. (COR)
Operating profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,340,730 | 2,366,380 | 2,354,200 | -5,135,350 | 1,111,920 |
| Revenue | US$ in thousands | 262,173,000 | 238,587,000 | 213,989,000 | 189,894,000 | 179,589,000 |
| Operating profit margin | 0.89% | 0.99% | 1.10% | -2.70% | 0.62% |
September 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,340,730K ÷ $262,173,000K
= 0.89%
The operating profit margin of Cencora Inc. has shown a declining trend over the past few years. In September 2023, the operating profit margin was recorded at 1.02%, a decrease from 1.15% in September 2022 and a substantial decrease from 1.33% in September 2021. The most significant drop occurred from December 2020, when the operating profit margin was 23.03%.
This declining trend may indicate challenges in maintaining profitability, possibly due to increasing operating expenses or a decrease in sales revenue relative to costs. It would be prudent for the company to assess its cost structure and revenue-generating strategies to improve its operating profit margin and overall financial performance.
Peer comparison
Sep 30, 2023