Cencora Inc. (COR)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,509,120 | 1,856,303 | 1,852,421 | 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 |
| Total assets | US$ in thousands | 67,101,700 | 66,772,400 | 63,868,000 | 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 |
| ROA | 2.25% | 2.78% | 2.90% | 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% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,509,120K ÷ $67,101,700K
= 2.25%
The return on assets (ROA) of Cencora Inc. has been fluctuating over the past few quarters. In the most recent quarter, ending September 30, 2024, the ROA was 2.25%, which is lower compared to the previous quarter. However, it is consistent with ROA levels recorded in earlier periods in 2024.
Overall, Cencora Inc.'s ROA has shown a general upward trend since the end of 2021, reaching a peak of 3.22% in June 2022. Despite some fluctuations, the company managed to maintain relatively stable ROA levels hovering around the 3% mark throughout most of 2022 and 2023.
It is worth noting that significant fluctuations occurred in the ROA during the first half of 2021, with notably negative ROA figures recorded in March and June 2021. These negative values were concerning and may indicate a period of financial distress or inefficiency within the company.
The most recent positive trend in ROA from the second half of 2022 to the first half of 2023 suggests that Cencora Inc. may have implemented strategies to improve asset utilization and generate higher returns relative to its total assets. However, the recent slight decline in ROA in the last two quarters should be monitored to assess if it becomes a sustained trend.
Overall, Cencora Inc. appears to have made efforts to improve its efficiency in generating profits from its assets, as reflected in the upward trend of the ROA in recent years, albeit experiencing some fluctuations.Continued monitoring of the ROA will be essential to determine the company's ability to sustain or improve its profitability levels in the future.
Peer comparison
Sep 30, 2024