Amcor PLC (AMCR)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,287,000 | 13,444,000 | 13,703,000 | 14,104,000 | 14,423,000 | 14,693,000 | 14,784,000 | 14,689,000 | 14,410,000 | 13,953,000 | 13,452,000 | 13,050,000 | 12,710,000 | 12,430,700 | 12,400,700 | 12,377,800 | 12,467,500 | 11,925,300 | 11,094,200 | |
| Property, plant and equipment | US$ in thousands | 3,706,000 | 3,762,000 | 3,810,000 | 3,718,000 | 3,705,000 | 3,741,000 | 3,687,000 | 3,589,000 | 3,646,000 | 3,772,000 | 3,695,000 | 3,701,000 | 3,761,000 | 3,681,000 | 3,767,000 | 3,649,000 | 3,615,000 | 3,633,000 | 3,757,500 | 3,869,000 |
| Fixed asset turnover | 3.59 | 3.57 | 3.60 | 3.79 | 3.89 | 3.93 | 4.01 | 4.09 | 3.95 | 3.70 | 3.64 | 3.53 | 3.38 | 3.38 | 3.29 | 3.39 | 3.45 | 3.28 | 2.95 |
June 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $13,287,000K ÷ $3,706,000K
= 3.59
The fixed asset turnover ratio for Amcor PLC has shown a generally consistent trend over the past few quarters, ranging from a low of 2.95 to a high of 4.09. This ratio measures how efficiently the company is generating revenue from its investment in fixed assets.
Overall, the ratio has been relatively stable, with some fluctuations quarter to quarter. A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate sales revenue.
In the most recent quarter, the fixed asset turnover ratio was 3.59, which indicates that for every dollar invested in fixed assets, the company generated $3.59 in sales. This suggests that Amcor PLC is efficiently utilizing its fixed assets to drive revenue.
Analyzing trends in the fixed asset turnover ratio can provide insights into the company's operational efficiency and effectiveness in managing its assets to generate sales.
Peer comparison
Jun 30, 2024