Amcor PLC (AMCR)
Payables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 12,897,000 | 13,926,000 | 13,737,000 | 12,111,000 | 9,931,500 |
| Payables | US$ in thousands | 2,580,000 | 2,690,000 | 3,073,000 | 2,574,000 | 2,171,000 |
| Payables turnover | 5.00 | 5.18 | 4.47 | 4.71 | 4.57 |
June 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $12,897,000K ÷ $2,580,000K
= 5.00
The payables turnover ratio for Amcor PLC has shown some fluctuations over the past five years. In the most recent fiscal year ending June 30, 2024, the payables turnover ratio stood at 5.00, indicating that the company paid its suppliers approximately 5 times during the year. This ratio decreased slightly compared to the prior year, where it was 5.18.
The payables turnover ratio for Amcor PLC has generally been in the range of 4.47 to 5.18 over the last five years. A higher payables turnover ratio suggests that the company is managing its accounts payable efficiently by paying suppliers more frequently. This may indicate strong supplier relationships or effective working capital management.
However, the slight decrease in the payables turnover ratio from the previous year could suggest a potential slowdown in the company's payment cycle or changes in supplier terms. It would be essential for stakeholders to monitor this trend closely to understand the underlying reasons and implications for the company's liquidity and supplier relationships.
Peer comparison
Jun 30, 2024