Cencora Inc. (COR)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,745,290 | 1,698,820 | 1,539,930 | -3,408,720 | 855,365 |
| Total assets | US$ in thousands | 62,558,700 | 56,560,600 | 57,337,800 | 44,274,800 | 39,172,000 |
| ROA | 2.79% | 3.00% | 2.69% | -7.70% | 2.18% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $1,745,290K ÷ $62,558,700K
= 2.79%
The return on assets (ROA) for Cencora Inc. has shown a downward trend over the past three years. In September 2023, the ROA decreased to 2.79% from 3.00% in September 2022 and 3.64% in December 2020. This indicates that the company's ability to generate earnings from its assets has weakened. It is essential for the company to explore the reasons behind this decline and consider strategies to improve the utilization of its assets to enhance profitability. Further analysis of the company's financial statements and operations may provide valuable insights into this trend.
Peer comparison
Sep 30, 2023
Company name
Symbol
ROA
Cencora Inc.
COR
2.79%
Cardinal Health Inc
CAH
1.89%
McKesson Corporation
MCK
4.45%
Nu Skin Enterprises Inc
NUS
0.48%