Amcor PLC (AMCR)
Total asset 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 |
| Total assets | US$ in thousands | 16,524,000 | 17,003,000 | 17,426,000 | 17,188,000 | 16,442,000 |
| Total asset turnover | 0.80 | 0.86 | 0.83 | 0.74 | 0.76 |
June 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $13,271,000K ÷ $16,524,000K
= 0.80
Total asset turnover measures how efficiently a company is utilizing its assets to generate revenue. A higher total asset turnover ratio indicates that the company is more efficient in generating sales from its assets. Looking at the trend for Amcor PLC over the past five years, we can see fluctuations in the total asset turnover ratio.
In 2024, the total asset turnover ratio decreased to 0.80 from 0.86 in 2023, indicating a decrease in the efficiency of generating sales from its assets. However, this ratio is still higher compared to 2021 and 2020, suggesting improved asset utilization efficiency relative to those years.
It is essential to consider additional factors such as industry benchmarks and specific company strategies to evaluate the significance of these changes in total asset turnover. Further analysis is needed to assess the reasons behind the fluctuations in this ratio and their implications for Amcor PLC's operational performance and overall financial health.
Peer comparison
Jun 30, 2024