Cencora Inc. (COR)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,175,250 | 2,340,730 | 2,366,380 | 2,354,200 | -5,135,350 |
| Total assets | US$ in thousands | 67,101,700 | 62,558,700 | 56,560,600 | 57,337,800 | 44,274,800 |
| Operating ROA | 3.24% | 3.74% | 4.18% | 4.11% | -11.60% |
September 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $2,175,250K ÷ $67,101,700K
= 3.24%
Operating ROA for Cencora Inc. has shown a fluctuating trend over the past five years. In the most recent period ending September 30, 2024, the operating ROA was 3.24%, which was a decrease from the previous year's figure of 3.74%. In comparison to the data from three years ago, where the operating ROA was 4.11%, the current figure signals a decline in the company's ability to generate profits from its assets through its core operations.
It is noteworthy that in September 2020, Cencora Inc. reported a negative operating ROA of -11.60%, indicating that the company's operating profits were insufficient to cover the total assets employed in its operations. This negative figure may have been a result of various factors such as operational inefficiencies, low sales, or high operating expenses.
Overall, the trend in Cencora Inc.'s operating ROA suggests that the company may be facing challenges in effectively utilizing its assets to generate operating profits. Further analysis of the company's operational efficiency, asset management, and profitability margins may provide more insights into the factors influencing the operating ROA performance.
Peer comparison
Sep 30, 2024