Amcor PLC (AMCR)
Days of sales outstanding (DSO)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 7.19 | 7.79 | 7.44 | 6.84 | 7.72 | |
| DSO | days | 50.77 | 46.87 | 49.04 | 53.40 | 47.31 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.19
= 50.77
Based on the data provided, the Days Sales Outstanding (DSO) for Amcor PLC has shown some variability over the past five years.
In Jun 2020, the DSO was 47.31 days, which decreased to 46.87 days by Jun 2023, indicating a slight improvement in collecting sales from customers. However, by Jun 2024, the DSO increased to 50.77 days, suggesting that the company took slightly longer to collect its accounts receivable compared to the previous year.
The DSO was highest at 53.40 days in Jun 2021, indicating that the company was taking the longest time to convert its accounts receivable into cash during that period.
Overall, the trend in the DSO for Amcor PLC indicates some fluctuation in the efficiency of collecting sales from customers over the past five years, which may warrant further investigation into the company's credit policies and collection procedures to optimize cash flow management.
Peer comparison
Jun 30, 2024