Amcor PLC (AMCR)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 12,974,000 | 13,161,000 | 13,390,000 | 13,711,000 | 13,925,000 | 10,155,000 | 10,167,000 | 10,078,000 | 9,825,000 | 13,272,000 | 12,776,000 | 12,372,000 | 12,078,000 | 10,964,200 | 10,583,200 | 10,181,300 | 9,932,000 | 9,576,800 | 8,977,900 | |
| Payables | US$ in thousands | 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 | 2,171,000 | 1,861,300 | 2,075,800 | 1,891,900 |
| 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 |
June 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $12,974,000K ÷ $2,580,000K
= 5.03
Amcor PLC's payables turnover ratio has exhibited fluctuations over the periods provided. The payables turnover ratio indicates how efficiently a company is managing its accounts payable by measuring how many times a company pays off its average accounts payable balance during a certain period.
During the most recent period ending on June 30, 2024, the payables turnover ratio was 5.03, suggesting that Amcor PLC paid off its average accounts payable balance approximately 5.03 times during that period. This indicates that the company is managing its payables effectively.
Looking at the trend over the past few quarters, we observe some variability in the payables turnover ratio. There was a significant increase from the ratio of 3.20 on June 30, 2022, to the ratio of 6.18 on September 30, 2023. However, the ratio has shown some fluctuations since then, with values ranging from 3.55 to 6.00 over the next few quarters.
It is essential to conduct a deeper analysis to understand the reasons behind these fluctuations in the payables turnover ratio. Higher ratios indicate that the company is taking longer to pay its suppliers, which could be due to negotiating better payment terms or delays in payments. On the other hand, lower ratios suggest that the company is paying off its suppliers more quickly, which could be a sign of good relationships with suppliers or efficient cash management.
Further analysis and comparison with industry benchmarks or historical data may provide additional insights into Amcor PLC's payables management performance and will help in understanding the company's financial health and operational efficiency.
Peer comparison
Jun 30, 2024