Cencora Inc. (COR)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,173,550 | 2,215,340 | 2,217,180 | -5,302,990 | 968,336 |
| Revenue | US$ in thousands | 262,173,000 | 238,587,000 | 213,989,000 | 189,894,000 | 179,589,000 |
| Pretax margin | 0.83% | 0.93% | 1.04% | -2.79% | 0.54% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,173,550K ÷ $262,173,000K
= 0.83%
The pretax margin of Cencora Inc. has experienced a downward trend over the last four years. In Sep 30, 2023, the pretax margin decreased to 0.82% from 0.91% in Sep 30, 2022, and 1.04% in Sep 30, 2021. This declining trend is significant given that the pretax margin was notably higher at 15.60% in Dec 31, 2020. The downward movement in the pretax margin suggests a decrease in the company's profitability before accounting for taxes and may warrant further investigation into the factors contributing to this trend.
Peer comparison
Sep 30, 2023
Company name
Symbol
Pretax margin
Cencora Inc.
COR
0.83%
Cardinal Health Inc
CAH
0.53%
McKesson Corporation
MCK
1.18%
Nu Skin Enterprises Inc
NUS
1.37%