Amcor PLC (AMCR)
Total asset 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 | |
| Total assets | US$ in thousands | 16,524,000 | 16,660,000 | 16,727,000 | 16,683,000 | 17,003,000 | 17,278,000 | 17,475,000 | 17,292,000 | 17,426,000 | 17,987,000 | 17,138,000 | 17,044,000 | 17,188,000 | 16,592,000 | 16,718,000 | 16,465,000 | 16,442,000 | 16,421,000 | 16,832,600 | 16,730,700 |
| Total asset turnover | 0.80 | 0.81 | 0.82 | 0.85 | 0.85 | 0.85 | 0.85 | 0.85 | 0.83 | 0.78 | 0.78 | 0.77 | 0.74 | 0.75 | 0.74 | 0.75 | 0.76 | 0.73 | 0.66 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,287,000K ÷ $16,524,000K
= 0.80
Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue from its investment in total assets. The ratio is calculated by dividing net sales by average total assets.
For Amcor PLC, the total asset turnover has fluctuated over the past few years, ranging from 0.66 to 0.85. A higher total asset turnover indicates that the company is more effective in utilizing its assets to generate sales.
From the data provided, we can observe that the total asset turnover has generally been within the range of 0.74 to 0.85 in recent quarters. There was a slight increase in the ratio from 0.80 in June 2024 to 0.81 in March 2024, followed by a peak of 0.85 in December 2023 and September 2023. This suggests that the company has been able to generate more sales relative to its total assets during those periods.
However, it is important to note that the total asset turnover dropped to 0.73 in March 2022 and was below 0.78 for several quarters in 2021. This indicates potential inefficiencies in utilizing the company's assets to generate revenue during those periods.
Overall, the trend in Amcor PLC's total asset turnover shows some variability, with periods of both improvement and decline. Further analysis of the company's operational efficiency and asset management practices may help in understanding the factors influencing these fluctuations in total asset turnover.
Peer comparison
Jun 30, 2024