Amcor (ASX:AMC) Days Inventory : 75.85 (As of Dec. 2023)

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What is Amcor Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Amcor's Average Total Inventories for the three months ended in Dec. 2023 was A$3,266 Mil. Amcor's Cost of Goods Sold for the three months ended in Dec. 2023 was A$3,929 Mil. Hence, Amcor's Days Inventory for the three months ended in Dec. 2023 was 75.85.

The historical rank and industry rank for Amcor's Days Inventory or its related term are showing as below:

ASX:AMC' s Days Inventory Range Over the Past 10 Years
Min: 60.21 Med: 67.3 Max: 78.74
Current: 73.34

During the past 13 years, Amcor's highest Days Inventory was 78.74. The lowest was 60.21. And the median was 67.30.

ASX:AMC's Days Inventory is ranked better than
55.62% of 365 companies
in the Packaging & Containers industry
Industry Median: 77.89 vs ASX:AMC: 73.34

Amcor's Days Inventory declined from Dec. 2022 (78.52) to Dec. 2023 (75.85).

Inventory Turnover measures how fast the company turns over its inventory within a year. Amcor's Inventory Turnover for the three months ended in Dec. 2023 was 1.20.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Amcor's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.67.

Amcor Days Inventory Historical Data

The historical data trend for Amcor's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Amcor Days Inventory Chart

Amcor Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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76.37

69.34

72.44

66.45

69.26

Amcor Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															78.52	74.70	71.83	69.35	75.85

Competitive Comparison of Amcor's Days Inventory

For the Packaging & Containers subindustry, Amcor's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Amcor's Days Inventory Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Amcor's Days Inventory distribution charts can be found below:

* The bar in red indicates where Amcor's Days Inventory falls into.

Amcor Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Amcor's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (3470.697	+	3297.37)	/	2 )	/	17833.81	*	365
=	3384.0335					/	17833.81	*	365
=	69.26

Amcor's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3320.504	+	3212.1)	/	2 )	/	3929.22	*	365 / 4
=	3266.302					/	3929.22	*	365 / 4
=	75.85

Amcor (ASX:AMC) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Amcor's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3929.22	/	3266.302
	=	1.20

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Amcor's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3266.302	/	4856.994
	=	0.67

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Amcor Days Inventory Related Terms

Thank you for viewing the detailed overview of Amcor's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Amcor (ASX:AMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Amcor PLC (ASX:AMC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AMCR:USA AMCCF:USA 485:Germany 485:Germany 485B:Germany 485B:Germany A1CR34:Brazil

Address

83 Tower Road North, Warmley, Bristol, GBR, BS30 8XP

Website

https://www.amcor.com

Amcor is a global manufacturer of flexible and rigid plastic packaging and provides packaging solutions to the food, beverage, pharmaceuticals, medical, household, personal care, and industrials sectors. Operations span more than 40 countries and over 200 locations. Around half of group sales are derived from North America, one quarter from Europe, and the remainder from emerging markets. Amcor operates two distinct businesses: flexibles and rigids. Flexibles accounts for about 80% of earnings and produces plastic, aluminium, and fibre-based packaging. Rigids accounts for about 20% of earnings and consists primarily of hot-fill and cold-fill polyethylene terephthalate bottling solutions in the North American and Latin American markets.