Amcor PLC (AMCR)
Payables turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 12,175,000 | 10,769,000 | 10,809,000 | 10,824,000 | 10,928,000 | 11,098,000 | 11,373,000 | 11,723,000 | 11,969,000 | 12,133,000 | 12,116,000 | 11,998,000 | 11,724,000 | 11,318,000 | 10,866,000 | 10,456,000 | 10,129,000 | 9,843,200 | 9,807,200 | 9,781,000 |
| Payables | US$ in thousands | 3,490,000 | 2,339,000 | 2,380,000 | 2,380,000 | 2,580,000 | 2,195,000 | 2,338,000 | 2,218,000 | 2,690,000 | 2,528,000 | 2,785,000 | 2,839,000 | 3,073,000 | 2,816,000 | 2,743,000 | 2,412,000 | 2,574,000 | 1,986,000 | 2,093,000 | 1,808,000 |
| Payables turnover | 3.49 | 4.60 | 4.54 | 4.55 | 4.24 | 5.06 | 4.86 | 5.29 | 4.45 | 4.80 | 4.35 | 4.23 | 3.82 | 4.02 | 3.96 | 4.33 | 3.94 | 4.96 | 4.69 | 5.41 |
June 30, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $12,175,000K ÷ $3,490,000K
= 3.49
The payables turnover ratio of Amcor PLC exhibits notable fluctuations over the analyzed period from September 2020 through June 2025. Initially, at the end of September 2020, the ratio stood at 5.41, indicating the number of times the company settled its accounts payable within a year. Over subsequent quarters, the ratio experienced a downward trend, reaching a low of 3.82 in June 2022, which suggests a lengthening in the payables payment cycle or a slower turnover of payables during this period.
However, from September 2022 onward, there is a discernible upward movement in the ratio, reaching a peak of 5.29 in September 2023. This increase indicates an acceleration in the payables turnover, reflecting possibly quicker payments to suppliers or improved management of payment cycles. The ratio then shows minor fluctuations, maintaining around the 4.5 to 5.0 range, with some variations such as 4.86 at the end of December 2023 and 5.06 in March 2024.
In the most recent periods, the ratio declines slightly to 4.24 in June 2024 but then increases again to 4.55 by September 2024, before stabilizing close to 4.54 at the end of December 2024. The ratio continues to oscillate modestly in 2025, with reading at 4.60 in March 2025 and a further decrease to 3.49 in June 2025, reflecting a potential elongation of the accounts payable cycle in this quarter.
Overall, the payables turnover ratio demonstrates periods of both acceleration and deceleration, suggesting evolving payment practices or changes in suppliers’ credit terms. The observed trend towards higher ratios in late 2022 and 2023 may imply a period of improved cash management or shorter payment cycles, whereas the decline in mid-2025 could indicate prolonged payment durations or restructuring of vendor payments.
Peer comparison
Jun 30, 2025