Amcor PLC (AMCR)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,881,000 | 3,944,000 | 3,964,000 | 3,898,000 | 4,026,000 | 4,248,000 | 4,353,000 | 3,918,000 | 4,082,000 | 4,517,000 | 4,462,000 | 4,650,000 | 4,764,000 | 4,647,000 | 4,792,000 | 4,687,000 | 4,626,000 | 4,739,600 | 5,339,700 | 5,424,200 |
| ROE | 18.81% | 16.56% | 16.22% | 24.83% | 26.03% | 23.00% | 24.56% | 21.31% | 19.72% | 21.05% | 21.27% | 20.28% | 19.71% | 18.57% | 16.22% | 15.88% | 13.23% | 10.84% | 8.34% |
June 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $730,000K ÷ $3,881,000K
= 18.81%
Amcor PLC's return on equity (ROE) has displayed fluctuating trends over the past several quarters. The company's ROE has ranged between 8.34% to 26.03% during the period analyzed.
The ROE for the latest quarter, ending on June 30, 2024, stands at 18.81%, indicating that for every dollar of shareholders' equity, the company generated a net income of 18.81 cents. This represents a slight increase compared to the previous quarter's ROE of 16.56%, but it is lower than the peak ROE of 26.03% recorded in the quarter ending on June 30, 2023.
Overall, Amcor PLC's ROE performance has been relatively strong, consistently above 15% in recent quarters. This suggests that the company is effectively utilizing its shareholders' equity to generate profits. However, investors may want to monitor the trend in ROE to assess whether the company can sustain or improve its profitability and efficiency in the future.
Peer comparison
Jun 30, 2024