Cencora Inc. (COR)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 645,938 | 925,209 | 1,083,140 | 911,703 | 522,003 | 686,018 | 281,686 | -178,131 | -211,559 | 224,299 | 550,309 | 241,546 | 223,354 | 37,962 | -281,756 | -697,222 | -1,018,920 | 3,857,250 | 3,590,590 | 2,954,630 |
| ROE | 233.63% | 200.64% | 171.02% | 204.79% | 334.35% | 246.27% | 573.99% | — | — | 821.13% | 313.81% | 668.28% | 689.46% | -9,862.06% | — | — | — | 40.70% | 44.07% | 21.98% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,509,120K ÷ $645,938K
= 233.63%
ROE is a key financial ratio that measures a company's profitability by evaluating the efficiency with which the company generates profits from its shareholders' equity.
Upon reviewing the historical ROE data provided for Cencora Inc., we observe significant fluctuations in the ROE values over the reported periods.
In September 2024, Cencora Inc. reported an exceptionally high ROE of 233.63%, indicating that the company generated $2.34 in profit for every $1 of shareholders' equity. This suggests strong profitability and efficient use of the shareholders' investments. In comparison, the ROE for June 2024 and March 2024 were 200.64% and 171.02%, respectively, both reflecting robust profitability levels.
Further analysis reveals that the company encountered a sharp decline in ROE in December 2023, with a value of 204.79%. However, this was followed by a remarkable increase in profitability in September 2023, where the ROE spiked to 334.35%, suggesting a significant improvement in profitability relative to the previous period.
It is noteworthy that there are certain periods where the ROE values are missing, such as in December 2022, September 2022, and March 2021. This lack of data may be due to various factors, including changes in reporting practices or financial performance.
A particularly striking observation is the negative ROE reported in December 2021, with a value of -9,862.06%. Such a steep decline in profitability could signal financial distress, inefficiencies, or irregular accounting practices that warrant further investigation.
Overall, the analysis of Cencora Inc.'s ROE demonstrates the company's fluctuating profitability levels over the reported periods. It is advisable for stakeholders and investors to closely monitor these fluctuations and conduct a deeper examination of the company's financial performance and operational efficiency to gain a comprehensive understanding of its financial health and sustainability.
Peer comparison
Sep 30, 2024