COR · 10-Q · 2026Q2 · Full report
Supply Chain and Inventory
Cencora, Inc. · 2026-08-05 · Importance 31 · Surprise 32 · From source text
Inventory increased by $1.0 billion during the nine months to support higher business volume, while accounts payable increased by $0.6 billion because of the larger inventory balance and supplier-payment timing. Days inventory on hand increased to 28.0 days for the nine-month period from 27.1 days in the prior year. The company identifies manufacturer pricing practices, expected inventory quantities, and product mix as key factors affecting inventory valuation and LIFO results.
Key facts
- In the nine months ended June 30, 2026, increase in inventories used $1.0 billion of cash, accounts receivable increased $0.8 billion, and accounts payable increased $0.6 billion. source
- Days sales outstanding were 27.1 and 27.9 for the three months ended June 30, 2026 and 2025, respectively; days inventory on hand were 26.6 and 26.8 for the three months ended June 30, 2026 and 2025, respectively; days payable outstanding were 59.7 and 59.0 for the three months ended June 30, 2026 and 2025, respectively. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -1.2% | In the nine months ended June 30, 2026, increase in inventories used $1.0 billion of cash, accounts receivable increased $0.8 billion, and… |
| cash | negative | realized | -0.9% | In the nine months ended June 30, 2026, increase in inventories used $1.0 billion of cash, accounts receivable increased $0.8 billion, and… |
| cash | positive | realized | +0.7% | In the nine months ended June 30, 2026, increase in inventories used $1.0 billion of cash, accounts receivable increased $0.8 billion, and… |