• Cencora average operating margin for 2023 was 0.9%, a 13.46% decline from 2022.
• Cencora average operating margin for 2022 was 1.04%, a 289.09% decline from 2021.
• Cencora average operating margin for 2021 was -0.55%, a 44.44% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.