Amcor PLC (AMCR)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 13,271,000 | 14,601,000 | 14,402,000 | 12,741,000 | 12,467,500 |
| Receivables | US$ in thousands | 1,846,000 | 1,875,000 | 1,935,000 | 1,864,000 | 1,615,900 |
| Receivables turnover | 7.19 | 7.79 | 7.44 | 6.84 | 7.72 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $13,271,000K ÷ $1,846,000K
= 7.19
The receivables turnover ratio for Amcor PLC has shown a fluctuating trend over the past five years. In particular:
- In 2024, the receivables turnover ratio decreased to 7.19 from 7.79 in 2023, indicating that the company took slightly longer to collect its accounts receivable. This decline may be a cause for concern as it could suggest potential issues with the efficiency of the company's credit and collection processes.
- However, it is worth noting that the 2024 ratio of 7.19 is still higher than the ratios in 2022 and 2021, which were 7.44 and 6.84, respectively. This improvement over the previous years could indicate that the company has made efforts to streamline its receivables management practices.
- The ratio in 2020 was 7.72, slightly higher than in 2024, suggesting that the company's accounts receivable turnover was more efficient that year compared to the most recent reporting period.
Overall, Amcor PLC's receivables turnover ratio has shown fluctuations over the past five years, with a slight decrease in 2024 compared to the previous year. Further analysis of the company's credit and collection policies may be warranted to understand the reasons behind these changes and to ensure optimal management of accounts receivable in the future.
Peer comparison
Jun 30, 2024