Amcor PLC (AMCR)
Fixed asset turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,271,000 | 14,601,000 | 14,402,000 | 12,741,000 | 12,467,500 |
| Property, plant and equipment | US$ in thousands | 3,706,000 | 3,705,000 | 3,646,000 | 3,761,000 | 3,615,000 |
| Fixed asset turnover | 3.58 | 3.94 | 3.95 | 3.39 | 3.45 |
June 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $13,271,000K ÷ $3,706,000K
= 3.58
Fixed asset turnover for Amcor PLC has shown some fluctuations in recent years. In 2024, the fixed asset turnover ratio decreased to 3.58 from 3.94 in 2023, indicating that the company generated $3.58 in sales for every dollar invested in fixed assets.
Comparing the 2024 ratio with 2022 and 2021, we see a slight decrease from 3.95 to 3.58. This suggests that the company may not be utilizing its fixed assets as efficiently to generate sales.
However, when looking at the trend over the past five years, the fixed asset turnover has generally been above 3, indicating that Amcor PLC has been effective in utilizing its fixed assets to generate revenue. Further analysis into the reasons for the decrease in 2024 may be warranted to better understand the company's operational efficiency and asset utilization.
Peer comparison
Jun 30, 2024