Amcor PLC (AMCR)
Days of sales outstanding (DSO)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 7.20 | 6.95 | 7.53 | 7.54 | 7.69 | 7.22 | 7.50 | 7.40 | 7.45 | 6.68 | 7.12 | 6.73 | 6.82 | 7.00 | 7.38 | 7.40 | 7.72 | 6.89 | 6.65 | ||
| DSO | days | 50.71 | 52.53 | 48.48 | 48.39 | 47.45 | 50.53 | 48.69 | 49.30 | 49.01 | 54.67 | 51.26 | 54.20 | 53.53 | 52.12 | 49.48 | 49.33 | 47.31 | 52.97 | 54.91 |
June 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.20
= 50.71
Days Sales Outstanding (DSO) is a measure that indicates the average number of days it takes for a company to collect payment after making a sale. A lower DSO value typically suggests that the company is efficient in collecting its accounts receivable, while a higher DSO may indicate potential issues with collecting payments promptly.
Analyzing the DSO trend of Amcor PLC over the past few quarters, we can see that there has been some fluctuation in the number of days it takes for the company to collect its receivables. The DSO figures have ranged from a low of 47.31 days to a high of 54.91 days over the past few quarters.
In the most recent quarter, ending June 30, 2024, the DSO stood at 50.71 days, showing a slight increase from the previous quarter. This suggests that it took Amcor PLC an average of 50.71 days to collect its outstanding sales during this period.
It's important to monitor DSO over time to understand any changes in the company's receivables management efficiency. A rising trend in DSO could indicate potential issues with customer creditworthiness or collection processes, while a decreasing trend may signify improvements in collections.
Overall, based on the trend of DSO for Amcor PLC, the company should continue to monitor its accounts receivable collection processes and work towards maintaining a balance between ensuring timely payments from customers and maintaining good customer relationships.
Peer comparison
Jun 30, 2024