The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Amcor's Revenue for the
three
months ended in Mar. 2024 was $3,411 Mil. Amcor's average Accounts Receivable for the
three
months ended in Mar. 2024 was $1,878 Mil.
Hence, Amcor's Receivables Turnover for the
three
months ended in Mar. 2024 was 1.82.
Amcor Receivables Turnover Historical Data
The historical data trend for Amcor's Receivables Turnover 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.
Competitive Comparison of Amcor's Receivables Turnover
For the Packaging & Containers subindustry, Amcor's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Amcor's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Amcor's Receivables Turnover falls into.
Amcor Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Amcor's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as
* 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.
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Amcor Receivables Turnover Related Terms
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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.
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