Cencora Inc. (COR)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 62,558,700 | 56,560,600 | 57,337,800 | 44,274,800 | 39,172,000 |
| Operating ROA | 3.74% | 4.18% | 4.11% | -11.60% | 2.84% |
September 30, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $2,340,730K ÷ $62,558,700K
= 3.74%
Based on the data provided, Cencora Inc.'s operating return on assets (ROA) has shown a declining trend over the past four years. The operating ROA for September 30, 2023, stands at 4.29%, compared to 4.87% and 4.96% for the same period in 2022 and 2021, respectively, and 6.42% as of December 31, 2020. This downward trend indicates that the company's operating income generated from its assets has been decreasing over the years, which may be a cause for concern. Further analysis of the company's operating efficiency and asset management is necessary to identify the factors contributing to this decline and to determine any necessary strategic adjustments.
Peer comparison
Sep 30, 2023