Amcor PLC (AMCR)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.00 | 5.18 | 4.47 | 4.71 | 4.57 | |
| Number of days of payables | days | 73.02 | 70.50 | 81.65 | 77.57 | 79.79 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.00
= 73.02
The number of days of payables for Amcor PLC has exhibited some fluctuations over the past five years.
As of June 30, 2024, the number of days of payables stood at 73.02 days, which is slightly higher compared to the previous year. This indicates that, on average, it takes Amcor PLC approximately 73 days to pay off its accounts payable.
Compared to the data from June 30, 2022, where the number of days of payables was 81.65 days, there has been an improvement in the speed of paying off accounts payable. This suggests that the company has been able to manage its payables more efficiently in the most recent year.
However, it is important to note that the number of days of payables has fluctuated within a range over the past five years, with some years showing better performance in managing payables than others. Overall, monitoring this trend can provide insights into Amcor PLC's liquidity management and relationships with suppliers.
Peer comparison
Jun 30, 2024