Cencora Historical Income Statement
COR Stock | USD 249.69 1.24 0.50% |
Historical analysis of Cencora income statement accounts such as Selling General Administrative of 6.4 B, Total Revenue of 308.7 B or Gross Profit of 10.4 B can show how well Cencora performed in making a profits. Evaluating Cencora income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Cencora's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Cencora latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Cencora is a good buy for the upcoming year.
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About Cencora Income Statement Analysis
Cencora Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Cencora shareholders. The income statement also shows Cencora investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Cencora Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Cencora generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Cencora minus its cost of goods sold. It is profit before Cencora operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Cencora. It is also known as Cencora overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on Cencora income statement and represents the costs associated with goods and services Cencora provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most accounts from Cencora's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Cencora current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cencora. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. To learn how to invest in Cencora Stock, please use our How to Invest in Cencora guide.At this time, Cencora's EBITDA is relatively stable compared to the past year. As of 11/28/2024, Cost Of Revenue is likely to grow to about 298.3 B, while Interest Expense is likely to drop slightly above 88.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 8.3B | 9.0B | 9.9B | 10.4B | Total Revenue | 238.6B | 262.2B | 294.0B | 308.7B |
Cencora income statement Correlations
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Cencora Account Relationship Matchups
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Cencora income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 401.6M | 505.2M | 697.9M | 972.4M | 1.1B | 1.1B | |
Selling General Administrative | 80.6M | 3.6B | 4.8B | 5.3B | 6.1B | 6.4B | |
Total Revenue | 189.9B | 214.0B | 238.6B | 262.2B | 294.0B | 308.7B | |
Gross Profit | 5.2B | 6.8B | 8.3B | 9.0B | 9.9B | 10.4B | |
Other Operating Expenses | 187.9B | 211.1B | 235.8B | 259.5B | 291.8B | 306.4B | |
Operating Income | (5.1B) | 2.4B | 2.4B | 2.3B | 2.2B | 2.3B | |
Ebit | 2.0B | 2.4B | 2.4B | 2.4B | 2.2B | 2.3B | |
Ebitda | 2.4B | 2.9B | 3.1B | 3.4B | 3.3B | 3.4B | |
Cost Of Revenue | 184.7B | 207.2B | 230.3B | 253.2B | 284.0B | 298.3B | |
Total Operating Expenses | 3.2B | 4.1B | 5.5B | 6.3B | 7.7B | 8.1B | |
Income Before Tax | (5.3B) | 2.2B | 2.2B | 2.2B | 2.0B | 2.1B | |
Total Other Income Expense Net | (7.2B) | (132.3M) | (183.3M) | (285.7M) | (171.3M) | (179.8M) | |
Net Income | (3.4B) | 1.5B | 1.7B | 1.7B | 1.5B | 1.6B | |
Income Tax Expense | (1.9B) | 677.3M | 516.5M | 428.3M | 484.7M | 508.9M | |
Interest Expense | 137.9M | 182.5M | 210.7M | 228.9M | 157.0M | 88.6M | |
Tax Provision | (1.9B) | 677.3M | 516.5M | 428.3M | 492.5M | 517.1M | |
Net Interest Income | (137.9M) | (174.1M) | (210.7M) | (228.9M) | (206.0M) | (216.3M) | |
Interest Income | 20.6M | 8.5M | 21.3M | 228.9M | 263.3M | 276.4M | |
Net Income From Continuing Ops | (3.4B) | 1.5B | 1.7B | 1.7B | 2.0B | 2.1B | |
Reconciled Depreciation | 391.1M | 514.8M | 693.9M | 963.9M | 1.1B | 665.7M | |
Net Income Applicable To Common Shares | (3.4B) | 1.5B | 1.7B | 1.7B | 2.0B | 2.1B | |
Minority Interest | (9.2M) | (4.7M) | 32.3M | 12.7M | 14.6M | 15.4M |
Pair Trading with Cencora
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cencora position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cencora will appreciate offsetting losses from the drop in the long position's value.Moving together with Cencora Stock
Moving against Cencora Stock
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The ability to find closely correlated positions to Cencora could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cencora when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cencora - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cencora to buy it.
The correlation of Cencora is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cencora moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cencora moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cencora can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Cencora Stock Analysis
When running Cencora's price analysis, check to measure Cencora's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cencora is operating at the current time. Most of Cencora's value examination focuses on studying past and present price action to predict the probability of Cencora's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cencora's price. Additionally, you may evaluate how the addition of Cencora to your portfolios can decrease your overall portfolio volatility.