Cencora Inc. (COR)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,509,120 | 1,745,290 | 1,698,820 | 1,539,930 | -3,408,720 |
| Total assets | US$ in thousands | 67,101,700 | 62,558,700 | 56,560,600 | 57,337,800 | 44,274,800 |
| ROA | 2.25% | 2.79% | 3.00% | 2.69% | -7.70% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $1,509,120K ÷ $67,101,700K
= 2.25%
Over the past five years, Cencora Inc.'s return on assets (ROA) has experienced varying levels of performance. In 2024, the ROA stood at 2.25%, showing a slight decline from the previous year's 2.79%. However, this decrease does not necessarily indicate poor performance, as the ROA in 2024 is still positive, indicating that the company generated a profit relative to its total assets.
Comparing the ROA of 2024 to earlier years, we see a decline from 3.00% in 2022 and 2.69% in 2021. This downward trend in ROA may suggest that the company's profitability in relation to its asset base has weakened over time.
It is also worth noting that Cencora Inc. experienced a significant negative ROA of -7.70% in 2020. This indicates that the company incurred a substantial loss relative to its total assets that year, which may have been due to various factors such as economic downturns, poor financial management, or industry-specific challenges.
Overall, Cencora Inc.'s ROA performance fluctuated over the five-year period, with some years showing positive returns and others indicating challenges. It is essential for the company to analyze the factors underlying these fluctuations and consider implementing strategies to improve its profitability relative to its asset base.
Peer comparison
Sep 30, 2024