• Cencora average return on tangible equity for 2024 was -12.91, a 0.46% decline from 2023.
• Cencora average return on tangible equity for 2023 was -12.97, a 2.92% decline from 2022.
• Cencora average return on tangible equity for 2022 was -13.36, a 193.89% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.