Amcor PLC (AMCR)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 730,000 | 1,048,000 | 805,000 | 939,000 | 612,000 |
| Total assets | US$ in thousands | 16,524,000 | 17,003,000 | 17,426,000 | 17,188,000 | 16,442,000 |
| ROA | 4.42% | 6.16% | 4.62% | 5.46% | 3.72% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $730,000K ÷ $16,524,000K
= 4.42%
The return on assets (ROA) for Amcor PLC has fluctuated over the past five years. In Jun 2024, the ROA decreased to 4.42% from 6.16% in Jun 2023. This decline suggests that the company's net income generated from its assets decreased compared to the previous year. However, when compared to Jun 2022 and Jun 2021, the ROA remains higher indicating better asset utilization in the current period. The highest ROA was recorded in Jun 2023 at 6.16%, indicating a higher level of efficiency in generating profit from its assets. Overall, the company's ROA has shown varying performance levels over the years, reflecting changes in profitability and asset management strategies.
Peer comparison
Jun 30, 2024