Cencora Inc. (COR)
Operating return on assets (Operating ROA)
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 1,111,923 | 1,086,179 | 1,068,680 |
| Total assets | US$ in thousands | 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 | 39,172,000 | 38,478,500 | 38,810,300 |
| Operating ROA | 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% | 2.84% | 2.82% | 2.75% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,530,463K ÷ $64,690,300K
= 3.91%
To analyze Cencora Inc.'s operating return on assets (operating ROA), we can observe the trend in the operating ROA ratio over the past eight quarters.
The operating ROA measures the company's operating income generated per dollar of assets. The downward trend in operating ROA from Q1 2022 (5.40%) to Q4 2023 (4.33%) indicates a decreasing efficiency in generating operating income from its assets.
While the decreasing trend might raise some concerns, it is essential to consider the reasons behind this decline. It could be attributed to various factors such as declining operating income, increasing asset base, or a combination of both.
Further investigation into the company's operating income and asset base dynamics would provide more insights into the reasons behind the decreasing operating ROA and facilitate a more comprehensive assessment of its financial performance.
Peer comparison
Dec 31, 2023