Amcor PLC (AMCR)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.03 | 6.00 | 5.73 | 6.18 | 5.18 | 4.02 | 3.65 | 3.55 | 3.20 | 4.71 | 4.66 | 5.13 | 4.69 | 5.52 | 5.06 | 5.63 | 4.57 | 5.15 | 4.33 | ||
| Number of days of payables | days | 72.58 | 60.87 | 63.73 | 59.05 | 70.51 | 90.86 | 99.98 | 102.82 | 114.16 | 77.44 | 78.37 | 71.16 | 77.79 | 66.11 | 72.18 | 64.82 | 79.78 | 70.94 | 84.39 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.03
= 72.58
The number of days of payables for Amcor PLC has shown some fluctuations over the past few quarters. In the most recent quarter, ending June 30, 2024, the number of days of payables was 72.58 days, indicating that, on average, the company takes approximately 72.58 days to pay its suppliers.
Comparing this figure to the previous quarters, we can observe a general trend of variability in the number of days of payables. There was a notable increase in the number of days of payables in the March 31, 2023, quarter, where it reached 90.86 days, indicating a slower payment period. However, this trend seems to have improved in subsequent quarters until the most recent quarter.
The trend in the number of days of payables can provide insights into Amcor PLC's liquidity management and vendor relationships. A longer period of payables may suggest that the company is able to take advantage of extended payment terms from suppliers, potentially improving its cash flow position. On the other hand, a significant increase in the number of days of payables may raise concerns about the company's ability to manage its working capital effectively.
Overall, it is important to consider the number of days of payables in conjunction with other financial metrics to gain a comprehensive understanding of Amcor PLC's financial health and operational efficiency.
Peer comparison
Jun 30, 2024