Amcor PLC (AMCR)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 730,000 | 653,000 | 643,000 | 968,000 | 1,048,000 | 977,000 | 1,069,000 | 835,000 | 805,000 | 951,000 | 949,000 | 943,000 | 939,000 | 863,100 | 777,100 | 744,100 | 612,100 | 513,600 | 445,200 | |
| 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 |
| ROA | 4.42% | 3.92% | 3.84% | 5.80% | 6.16% | 5.65% | 6.12% | 4.83% | 4.62% | 5.29% | 5.54% | 5.53% | 5.46% | 5.20% | 4.65% | 4.52% | 3.72% | 3.13% | 2.64% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $730,000K ÷ $16,524,000K
= 4.42%
Amcor PLC's return on assets (ROA) has displayed some fluctuations over the past few quarters. ROA is a financial ratio that measures a company's ability to generate profit from its assets. In the most recent period, as of June 30, 2024, the ROA stood at 4.42%, showing a slight improvement compared to the previous quarter.
Looking at the trend over the last few quarters, there has been some variability in ROA, with values ranging from 2.64% to 6.16%. The company's ROA peaked at 6.16% in the quarter ended June 30, 2023, but has since decreased and fluctuated around the 4-5% range.
Overall, Amcor PLC's ROA indicates that, on average, the company is generating approximately 4-5 cents of profit for every dollar of assets it owns. This suggests that the company is moderately efficient in utilizing its assets to generate profits but may benefit from closer scrutiny of its asset management strategies to maintain or improve its ROA over time.
Peer comparison
Jun 30, 2024