Cencora Inc. (COR)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 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 | 2,878,920 | 2,989,420 | 2,921,220 |
| ROE | 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% | 29.71% | 31.98% | 31.83% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,867,048K ÷ $911,703K
= 204.79%
To analyze Cencora Inc.'s return on equity (ROE) based on the provided data, let's first examine the trend. The ROE has shown a significant fluctuation over the last 8 quarters.
In the most recent quarter, Dec 31, 2023, the ROE stands at an impressive 204.79%, showing a decrease from the previous quarter's 334.34%. However, it is worth noting that the ROE was remarkably high at 573.99% in Mar 31, 2023.
The absence of ROE data for Dec 31, 2022, and Sep 30, 2022, limits a comprehensive trend analysis. Nevertheless, the available data suggests a volatile pattern.
A high ROE generally reflects the company's efficient use of equity to generate profits. However, exceedingly high ROE figures could also indicate excessive leverage, which may pose risks. It would be prudent to further investigate the company's capital structure and profitability to gain a deeper understanding of the factors driving the ROE fluctuations.
Peer comparison
Dec 31, 2023