Cencora Historical Financial Ratios
| COR Stock | USD 232.24 0.12 0.05% |
Cencora is presently reporting on over 94 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0083, PTB Ratio of 72.63 or Days Sales Outstanding of 18.52 will help investors to properly organize and evaluate Cencora financial condition quickly.
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About Cencora Financial Ratios Analysis
CencoraFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Cencora investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Cencora financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Cencora history.
Cencora Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Cencora stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Cencora sales, a figure that is much harder to manipulate than other Cencora multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is Cencora dividend as a percentage of Cencora stock price. Cencora dividend yield is a measure of Cencora stock productivity, which can be interpreted as interest rate earned on an Cencora investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Most ratios from Cencora's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Cencora current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 ROIC is relatively stable compared to the past year. As of 12/14/2024, Net Income Per Share is likely to grow to 7.98, while Dividend Yield is likely to drop 0.01.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 5.73 | 5.52 | 5.58 | 8.16 | Days Of Inventory On Hand | 24.66 | 25.16 | 25.92 | 37.87 |
Cencora fundamentals Correlations
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Cencora Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
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.