Cencora Inc. (COR)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,867,048 | 1,745,293 | 1,689,465 | 1,616,848 | 1,729,460 | 1,698,820 | 1,841,781 | 1,726,939 | 1,614,192 | 1,539,932 | -3,743,836 | -3,746,519 | -3,221,509 | -3,408,714 | 1,569,975 | 1,582,495 | 649,353 | 855,365 | 956,034 | 929,884 |
| Total assets | US$ in thousands | 64,690,300 | 62,558,700 | 61,177,200 | 58,766,200 | 57,906,900 | 56,560,600 | 57,173,600 | 57,308,200 | 57,577,600 | 57,337,800 | 55,930,900 | 47,003,200 | 45,846,800 | 44,274,800 | 40,789,700 | 42,042,300 | 40,016,700 | 39,172,000 | 38,478,500 | 38,810,300 |
| ROA | 2.89% | 2.79% | 2.76% | 2.75% | 2.99% | 3.00% | 3.22% | 3.01% | 2.80% | 2.69% | -6.69% | -7.97% | -7.03% | -7.70% | 3.85% | 3.76% | 1.62% | 2.18% | 2.48% | 2.40% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,867,048K ÷ $64,690,300K
= 2.89%
The return on assets (ROA) of Cencora Inc. has shown a decreasing trend over the past eight quarters. In the most recent quarter, ending December 31, 2023, the ROA stood at 2.89%, a decrease from the previous quarter's 2.79%. This declining trend indicates that the company's efficiency in generating profits from its assets has been decreasing.
The peak ROA in the recent period was 3.22% at the end of June 30, 2022, which declined to 2.75% by the end of March 31, 2023. This suggests a significant decrease in the company's ability to generate earnings from its assets over the period.
A declining ROA could imply that the company is facing challenges in effectively utilizing its assets to generate profits. It may be beneficial for stakeholders to further investigate the reasons behind this trend and assess if there are potential areas for improvement in the company's asset management and overall profitability.
Peer comparison
Dec 31, 2023