Cencora Inc. (COR)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 522,003 | -211,559 | 223,354 | -1,018,920 | 2,878,920 |
| ROE | 334.34% | — | 689.46% | — | 29.71% |
September 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,745,290K ÷ $522,003K
= 334.34%
Based on the available data, Cencora Inc.'s return on equity (ROE) has shown significant fluctuation. In 2023, the ROE stood at a high of 334.34%, indicating a strong ability to generate profits from shareholders' equity. However, the absence of ROE data for 2022 impedes a direct year-over-year comparison. In 2021, the ROE was exceptionally high at 689.46%, suggesting efficient utilization of equity to generate profits. The ROE in 2020 was notably lower at 124.74%, indicating a decrease in the company's ability to generate profits from shareholders' equity compared to 2021.
It is important to note that the absence of 2022 data hinders a comprehensive trend analysis. Further information regarding the underlying factors contributing to the significant fluctuations would be essential to assess the sustainability and efficiency of Cencora Inc.'s ROE performance.
Peer comparison
Sep 30, 2023