Amcor PLC (AMCR)
Working capital 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 current assets | US$ in thousands | 4,965,000 | 5,029,000 | 4,959,000 | 5,085,000 | 5,308,000 | 5,588,000 | 5,863,000 | 5,849,000 | 5,853,000 | 6,170,000 | 5,391,000 | 5,279,000 | 5,266,000 | 4,770,000 | 4,713,000 | 4,612,000 | 4,535,000 | 4,502,200 | 4,687,600 | 4,562,200 |
| Total current liabilities | US$ in thousands | 4,261,000 | 3,913,000 | 3,970,000 | 4,005,000 | 4,476,000 | 4,408,000 | 4,393,000 | 4,589,000 | 5,103,000 | 4,424,000 | 4,293,000 | 4,017,000 | 4,345,000 | 3,670,000 | 3,678,000 | 3,626,000 | 3,974,000 | 3,651,900 | 3,767,400 | 3,839,600 |
| Working capital turnover | 18.87 | 12.05 | 13.86 | 13.06 | 17.34 | 12.45 | 10.06 | 11.66 | 19.21 | 7.99 | 12.25 | 10.34 | 13.80 | 11.30 | 11.98 | 12.55 | 22.22 | 14.02 | 12.06 |
June 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $13,287,000K ÷ ($4,965,000K – $4,261,000K)
= 18.87
The working capital turnover ratio for Amcor PLC indicates how efficiently the company is utilizing its working capital to generate sales revenue. A higher ratio generally implies better efficiency in managing working capital.
Based on the data provided, we observe fluctuations in the working capital turnover ratio over the past few quarters. The ratio varies significantly, with values ranging from as low as 7.99 to as high as 22.22.
In the most recent quarter, the working capital turnover ratio was 18.87, showcasing a substantial improvement compared to the previous quarters, indicating that the company has become more efficient in converting its working capital into sales revenue.
It is important to note that a high working capital turnover ratio can signify that the company is effectively managing its working capital resources. However, it is crucial to analyze the trend over multiple periods to assess the consistency of this efficiency.
Overall, the analysis of Amcor PLC's working capital turnover suggests that the company has demonstrated varying levels of efficiency in utilizing its working capital to drive sales revenue, with the most recent quarter showing a relatively strong performance in this aspect.
Peer comparison
Jun 30, 2024