Amcor PLC (AMCR)
Working capital 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 current assets | US$ in thousands | 4,965,000 | 5,308,000 | 5,853,000 | 5,266,000 | 4,535,000 |
| Total current liabilities | US$ in thousands | 4,261,000 | 4,476,000 | 5,103,000 | 4,345,000 | 3,974,000 |
| Working capital turnover | 18.85 | 17.55 | 19.20 | 13.83 | 22.22 |
June 30, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $13,271,000K ÷ ($4,965,000K – $4,261,000K)
= 18.85
Amcor PLC's working capital turnover has fluctuated over the past five years, ranging from 13.83 to 22.22. The working capital turnover indicates the efficiency with which the company is utilizing its working capital to generate sales revenue.
The highest working capital turnover of 22.22 in Jun 30, 2020 suggests that during that period, the company generated $22.22 in revenue for every $1 of working capital invested. This indicates strong efficiency in utilizing its current assets to generate sales.
On the other hand, the lowest turnover of 13.83 in Jun 30, 2021 implies that the company generated $13.83 in revenue for every $1 of working capital invested. This lower turnover suggests that the company may not have been utilizing its working capital as efficiently during that period compared to the other years.
Overall, Amcor PLC's working capital turnover has shown variations over the years, indicating fluctuations in its efficiency in managing its working capital to generate sales. A consistent and improving trend in this ratio would indicate better utilization of working capital to drive revenue growth.
Peer comparison
Jun 30, 2024