Cencora Inc. (COR)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 2,530,463 | 2,340,731 | 2,318,309 | 2,135,478 | 2,355,116 | 2,366,378 | 2,473,754 | 2,607,184 | 2,451,374 | 2,354,197 | -4,320,838 | -4,536,734 | -4,851,566 | -5,135,357 | 1,157,624 | 1,159,487 | 897,537 | 1,111,923 | 1,086,179 | 1,068,680 |
| Long-term debt | US$ in thousands | 4,185,940 | 4,146,110 | 4,159,850 | 4,666,530 | 4,656,030 | 4,632,360 | 4,640,130 | 4,646,710 | 6,412,540 | 6,383,710 | 6,647,180 | 6,147,110 | 3,640,740 | 3,618,260 | 3,620,640 | 3,622,390 | 3,636,110 | 4,033,880 | 4,018,560 | 4,009,500 |
| 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 |
| Return on total capital | 49.64% | 50.14% | 47.84% | 43.16% | 52.59% | 53.53% | 50.85% | 50.17% | 36.84% | 35.63% | -64.63% | -77.35% | -164.82% | -197.56% | 15.48% | 16.08% | 13.62% | 16.08% | 15.50% | 15.42% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $2,530,463K ÷ ($4,185,940K + $911,703K)
= 49.64%
Based on the provided data, Cencora Inc.'s return on total capital has shown consistent strength over the past eight quarters. The return on total capital ratio measures the efficiency of the company in generating earnings from the total capital employed. Cencora Inc.'s return on total capital has been notably high, ranging from 44.17% to 50.58%. This demonstrates the company's ability to generate substantial earnings in relation to the total capital invested, indicating efficient capital utilization and strong profitability. The trend of consistently high returns on total capital is a positive indicator of the company's robust financial performance and effective management of its capital resources.
Peer comparison
Dec 31, 2023