Cencora Inc. (COR)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 890,533 | 896,724 | 868,788 |
| Revenue (ttm) | US$ in thousands | 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 | 179,589,200 | 177,248,500 | 175,151,500 |
| Pretax margin | 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% | 0.50% | 0.51% | 0.50% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,358,413K ÷ $271,579,300K
= 0.87%
Based on the pretax margin data of Cencora Inc., it is evident that the company's profitability before tax has fluctuated over the past eight quarters. The pretax margin, which represents the percentage of each dollar of revenue that the company retains as pretax profit, has shown a declining trend from 1.07% in March 2022 to 0.87% in December 2023. This indicates a potential decrease in the company's ability to generate profits before considering tax implications. However, it is important to conduct a comprehensive analysis of the company's financial statements and other performance indicators to understand the factors contributing to this trend.
Peer comparison
Dec 31, 2023