Cencora Book Value Per Share vs Payout Ratio Analysis
COR Stock | USD 232.24 0.12 0.05% |
Cencora financial indicator trend analysis is way more than just evaluating Cencora prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cencora is a good investment. Please check the relationship between Cencora Book Value Per Share and its Payout Ratio accounts. 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.
Book Value Per Share vs Payout Ratio
Book Value Per Share vs Payout Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cencora Book Value Per Share account and Payout Ratio. At this time, the significance of the direction appears to have weak relationship.
The correlation between Cencora's Book Value Per Share and Payout Ratio is 0.39. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Cencora, assuming nothing else is changed. The correlation between historical values of Cencora's Book Value Per Share and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Cencora are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Book Value Per Share i.e., Cencora's Book Value Per Share and Payout Ratio go up and down completely randomly.
Correlation Coefficient | 0.39 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Payout Ratio
Payout Ratio is the proportion of Cencora earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Cencora dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Cencora is paying out more in dividends than it makes in net income.Most indicators from Cencora's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cencora current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, 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 Selling General Administrative is relatively stable compared to the past year. As of 12/14/2024, Tax Provision is likely to grow to about 508.9 M, while Enterprise Value Over EBITDA is likely to drop 8.61.
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 fundamental ratios Correlations
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Cencora Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cencora fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 43.9B | 57.3B | 56.6B | 62.6B | 67.1B | 70.5B | |
Short Long Term Debt Total | 4.1B | 6.7B | 5.7B | 4.8B | 4.4B | 2.5B | |
Other Current Liab | 1.6B | 3.0B | 2.2B | 2.4B | 2.8B | 2.9B | |
Total Current Liabilities | 33.9B | 41.4B | 43.5B | 48.8B | 54.3B | 57.0B | |
Total Stockholder Equity | (839.6M) | 223.4M | (289.8M) | 666.3M | 645.9M | 613.6M | |
Property Plant And Equipment Net | 1.5B | 2.2B | 2.1B | 2.1B | 2.2B | 2.3B | |
Net Debt | (478.2M) | 4.1B | 2.3B | 2.2B | 1.3B | 860.8M | |
Retained Earnings | 518.3M | 1.7B | 3.0B | 4.3B | 5.4B | 5.7B | |
Accounts Payable | 31.7B | 38.0B | 40.2B | 45.8B | 50.9B | 53.5B | |
Cash | 4.6B | 2.5B | 3.4B | 2.6B | 3.1B | 1.6B | |
Non Current Assets Total | 10.9B | 18.5B | 17.0B | 19.8B | 19.4B | 20.4B | |
Non Currrent Assets Other | 779.9M | 1.8B | 1.7B | 3.4B | 3.6B | 3.8B | |
Cash And Short Term Investments | 4.6B | 2.5B | 3.4B | 2.6B | 3.1B | 1.6B | |
Net Receivables | 14.3B | 18.4B | 18.6B | 21.0B | 23.9B | 25.1B | |
Common Stock Shares Outstanding | 204.8M | 208.5M | 211.2M | 204.6M | 200.3M | 172.1M | |
Liabilities And Stockholders Equity | 43.9B | 57.3B | 56.5B | 62.6B | 67.1B | 70.5B | |
Non Current Liabilities Total | 10.9B | 15.4B | 13.0B | 13.1B | 12.0B | 12.6B | |
Inventory | 12.6B | 15.4B | 15.6B | 17.5B | 20.2B | 21.2B | |
Other Current Assets | 1.5B | 2.5B | 2.0B | 351.2M | 538.6M | 338.7M | |
Other Stockholder Equity | (1.3B) | (1.0B) | (1.4B) | (3.1B) | (3.8B) | (3.6B) | |
Total Liab | 44.8B | 56.8B | 56.5B | 61.9B | 66.3B | 69.6B | |
Total Current Assets | 33.0B | 38.8B | 39.6B | 42.8B | 47.7B | 50.1B | |
Accumulated Other Comprehensive Income | (108.8M) | (445.4M) | (1.8B) | (1.4B) | (989.1M) | (939.7M) | |
Short Term Debt | 501.3M | 300.2M | 1.1B | 641.3M | 576.3M | 605.1M | |
Common Stock | 2.9M | 2.9M | 2.9M | 666.3M | 766.2M | 804.5M | |
Intangible Assets | 1.9B | 5.3B | 4.3B | 14.0B | 4.0B | 2.7B | |
Good Will | 6.7B | 9.0B | 8.5B | 9.6B | 9.3B | 5.6B | |
Other Liab | 7.3B | 8.1B | 7.5B | 8.0B | 9.2B | 7.3B | |
Net Tangible Assets | (9.6B) | (14.1B) | (13.0B) | (13.5B) | (12.1B) | (12.7B) | |
Other Assets | 698.0M | 1.0B | 1.1B | 3.6B | 4.2B | 4.4B | |
Long Term Debt | 3.6B | 6.4B | 4.6B | 4.1B | 3.8B | 3.6B | |
Net Invested Capital | 4.1B | 6.9B | 5.7B | 4.8B | 5.0B | 4.5B | |
Short Long Term Debt | 501.3M | 300.2M | 1.1B | 641.3M | 576.3M | 591.9M | |
Capital Stock | 2.9M | 2.9M | 2.9M | 2.9M | 3.0M | 3.2M | |
Non Current Liabilities Other | 6.7B | 1.1B | 976.6M | 1.9B | 2.0B | 1.7B | |
Net Working Capital | (833.2M) | (2.6B) | (3.9B) | (6.0B) | (6.6B) | (6.2B) | |
Property Plant Equipment | 1.9B | 3.2B | 3.1B | 2.1B | 2.5B | 2.7B |
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.