Amcor PLC (AMCR)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,287,000 | 13,444,000 | 13,703,000 | 14,104,000 | 14,423,000 | 14,693,000 | 14,784,000 | 14,689,000 | 14,410,000 | 13,953,000 | 13,452,000 | 13,050,000 | 12,710,000 | 12,430,700 | 12,400,700 | 12,377,800 | 12,467,500 | 11,925,300 | 11,094,200 | |
| Receivables | US$ in thousands | 1,846,000 | 1,935,000 | 1,820,000 | 1,870,000 | 1,875,000 | 2,034,000 | 1,972,000 | 1,984,000 | 1,935,000 | 2,090,000 | 1,889,000 | 1,938,000 | 1,864,000 | 1,775,000 | 1,681,000 | 1,673,000 | 1,615,900 | 1,730,500 | 1,669,100 | 1,789,500 |
| Receivables turnover | 7.20 | 6.95 | 7.53 | 7.54 | 7.69 | 7.22 | 7.50 | 7.40 | 7.45 | 6.68 | 7.12 | 6.73 | 6.82 | 7.00 | 7.38 | 7.40 | 7.72 | 6.89 | 6.65 |
June 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $13,287,000K ÷ $1,846,000K
= 7.20
The receivables turnover ratio for Amcor PLC has shown fluctuations over the past several quarters, ranging from a low of 6.65 to a high of 7.72. This ratio indicates how many times during a period the company collects its average accounts receivable balance.
The company's average receivables turnover for the period is around 7.20, which indicates that, on average, Amcor PLC collected its outstanding receivables approximately 7.20 times during the year.
The trend in the receivables turnover ratio suggests that the company has been relatively consistent in managing its accounts receivable collections efficiency. However, there was a slight dip in the ratio in the most recent quarter compared to the previous quarter.
Overall, a high receivables turnover ratio is generally seen as positive, indicating that the company is efficient in collecting payments from its customers. However, it is essential to monitor trends in this ratio over time to ensure that there are no underlying issues impacting the company's receivables management.
Peer comparison
Jun 30, 2024