Gross Margin % is calculated as gross profit divided by its revenue. Amcor's Gross Profit for the
three
months ended in Dec. 2023 was $621 Mil. Amcor's Revenue for the
three
months ended in Dec. 2023 was $3,251 Mil. Therefore, Amcor's Gross Margin % for the quarter that ended in Dec. 2023 was 19.10%.
The historical rank and industry rank for Amcor's Gross Margin % or its related term are showing as below:
AMCR'
s Gross Margin % Range Over the Past 10 Years
Min: 18.54 Med: 20.01 Max: 21.24
Current: 18.96
During the past 13 years, the highestGross Margin % of Amcor was 21.24%. The lowest was 18.54%. And the median was 20.01%.
AMCR's Gross Margin % is ranked worse than 59.89% of 369
companies
in the Packaging & Containers industry
Industry Median: 21.6
vs AMCR: 18.96
Amcor had a gross margin of 19.10% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Amcor was -0.70% per year.
Amcor Gross Margin % Historical Data
The historical data trend for Amcor's Gross Margin % 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.
For the Packaging & Containers subindustry, Amcor's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % Distribution
For the Packaging & Containers industry and Consumer Cyclical sector, Amcor's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Amcor's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Amcor (NYSE:AMCR) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Amcor had a gross margin of 19.10% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Amcor Gross Margin % Related Terms
Thank you for viewing the detailed overview of Amcor's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
AMCR has been successfully added to your 