Cencora Inc. (COR)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 645,938 | 522,003 | -211,559 | 223,354 | -1,018,920 |
| ROE | 233.63% | 334.34% | — | 689.46% | — |
September 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,509,120K ÷ $645,938K
= 233.63%
Looking at the return on equity (ROE) figures for Cencora Inc., we observe significant fluctuations over the years. In 2024, the ROE stands at 233.63%, a notable decrease from the prior year's figure of 334.34%.
However, the ROE in 2024 is still higher compared to previous years with available data. Notably, the ROE was exceptionally high in 2021 at 689.46%, the highest among the presented years. Unfortunately, ROE data for 2022 is not available in the provided table.
The ROE metric reflects how efficiently the company is utilizing its equity to generate profits. The declining trend from 2023 to 2024 may indicate potential challenges in maintaining or improving profitability relative to shareholders' equity.
Given the data available, further analysis is required to understand the underlying factors contributing to the fluctuations in ROE and assess the company's overall financial performance and efficiency.
Peer comparison
Sep 30, 2024