Cencora Inc. (COR)
Pretax margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,993,820 | 2,173,550 | 2,215,340 | 2,217,180 | -5,302,990 |
| Revenue | US$ in thousands | 293,959,000 | 262,173,000 | 238,587,000 | 213,989,000 | 189,894,000 |
| Pretax margin | 0.68% | 0.83% | 0.93% | 1.04% | -2.79% |
September 30, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,993,820K ÷ $293,959,000K
= 0.68%
The pretax margin of Cencora Inc., as reflected in the financial data provided, has fluctuated over the past five years. In Sep 30, 2024, the pretax margin stood at 0.68%, a decrease from 0.83% in the previous year and a further decline compared to 0.93% in Sep 30, 2022. Notably, the pretax margin in Sep 30, 2024 is significantly lower than the 1.04% witnessed in Sep 30, 2021. It should be highlighted that in the year ended Sep 30, 2020, the company had a negative pretax margin of -2.79%.
This trend indicates some variability in the company's ability to generate profits before taxes relative to its revenue over the years, with 2024 showing a dip in this profitability metric compared to the prior years. It would be prudent for stakeholders to further investigate the factors contributing to the declining pretax margin in 2024, potentially signaling challenges or areas of improvement within the company's operations or financial management.
Peer comparison
Sep 30, 2024