Cencora Inc. (COR)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,175,249 | 2,525,551 | 2,523,203 | 2,530,463 | 2,340,731 | 2,318,309 | 2,135,478 | 2,355,116 | 2,366,378 | 2,473,754 | 2,607,184 | 2,451,374 | 2,354,197 | -4,320,838 | -4,536,734 | -4,851,566 | -5,135,357 | 1,157,624 | 1,159,487 | 897,537 |
| Total assets | US$ in thousands | 67,101,700 | 66,772,400 | 63,868,000 | 64,690,300 | 62,558,700 | 61,177,200 | 58,766,200 | 57,906,900 | 56,560,600 | 57,173,600 | 57,308,200 | 57,577,600 | 57,337,800 | 55,930,900 | 47,003,200 | 45,846,800 | 44,274,800 | 40,789,700 | 42,042,300 | 40,016,700 |
| Operating ROA | 3.24% | 3.78% | 3.95% | 3.91% | 3.74% | 3.79% | 3.63% | 4.07% | 4.18% | 4.33% | 4.55% | 4.26% | 4.11% | -7.73% | -9.65% | -10.58% | -11.60% | 2.84% | 2.76% | 2.24% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,175,249K ÷ $67,101,700K
= 3.24%
Operating return on assets (ROA) is a key financial ratio that measures a company's ability to generate operating profits from its assets. In the case of Cencora Inc., the operating ROA has fluctuated over the past eight quarters, ranging from a low of -11.60% in December 2020 to a high of 4.55% in June 2022.
In the most recent quarter, ending September 2024, the operating ROA stood at 3.24%. This indicates that for every dollar of assets the company owns, it generated a return of 3.24% in operating profits. Compared to the previous quarter's operating ROA of 3.78%, there was a slight decrease in profitability.
Overall, the trend in Cencora Inc.'s operating ROA has been relatively stable, with some fluctuations seen in certain periods. The company has shown improvements in profitability from the negative figures in early 2021 to positive figures in recent quarters. However, it is essential for Cencora Inc. to continue monitoring and managing its asset utilization and operating efficiency to ensure sustainable profitability in the long run.
Peer comparison
Sep 30, 2024