Cencora Inc. (COR)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,993,822 | 2,320,737 | 2,305,730 | 2,358,413 | 2,173,553 | 2,103,946 | 2,014,834 | 2,216,473 | 2,215,337 | 2,392,122 | 2,442,242 | 2,289,057 | 2,217,183 | -4,483,023 | -4,707,221 | -5,009,625 | -5,302,985 | 986,998 | 1,012,064 | 764,541 |
| Revenue (ttm) | US$ in thousands | 293,958,600 | 283,830,800 | 276,536,400 | 271,579,300 | 262,173,300 | 254,425,100 | 247,542,700 | 241,804,900 | 238,586,900 | 236,325,200 | 229,666,300 | 221,101,100 | 213,988,900 | 204,321,300 | 196,282,400 | 194,545,800 | 189,893,900 | 186,286,900 | 186,159,400 | 182,061,400 |
| Pretax margin | 0.68% | 0.82% | 0.83% | 0.87% | 0.83% | 0.83% | 0.81% | 0.92% | 0.93% | 1.01% | 1.06% | 1.04% | 1.04% | -2.19% | -2.40% | -2.58% | -2.79% | 0.53% | 0.54% | 0.42% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,993,822K ÷ $293,958,600K
= 0.68%
The pretax margin of Cencora Inc. has shown a mixed trend over the past two years, with fluctuations in profitability levels.
From December 2019 to March 2021, the pretax margin was negative, indicating that the company was incurring losses before tax during this period. However, starting from June 2021, the pretax margin turned positive and improved gradually, reaching its peak at 1.06% in June 2022.
Subsequently, there was a slight decrease in pretax margin for the next two quarters but still remained above 1%. Notably, in the most recent quarter of September 2024, the pretax margin declined to 0.68%.
Overall, the pretax margin of Cencora Inc. has generally trended positively since March 2021, with some fluctuations along the way. Monitoring this key financial ratio will be crucial to assess the company's efficiency in generating profits before accounting for tax implications.
Peer comparison
Sep 30, 2024