Amcor plc stock research
FY2023 Q4
Amcor (AMCR) Gross Margin — Quarter Ended Jun 30, 2023
Revenue and cost of revenue remained at similar levels, while gross profit increased, leading to a higher gross margin. Compared to the immediately preceding quarter, gross margin improved; compared to the same quarter one year earlier, it weakened.
Gross margin takeaway
Quarter ended Jun 30, 2023 · FY2023 Q4
Revenue and cost of revenue remained at similar levels, while gross profit increased, leading to a higher gross margin. Compared to the immediately preceding quarter, gross margin improved; compared to the same quarter one year earlier, it weakened.
- The increase in gross profit relative to stable revenue was the primary factor behind the margin improvement compared to the prior quarter.
- Gross margin for the current quarter was higher than the immediately preceding quarter but lower than the same quarter one year earlier.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
19.7%
Gross profit
$722.0M
Revenue
$3.7B
Cost of revenue
$3.0B
Quarter-over-quarter change
+1.3 pts
Year-over-year change
-0.7 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $3.7B | $673.0M | $3.0B | 18.4% |
| Jun 30, 2023 | $3.7B | $722.0M | $3.0B | 19.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2023
+1.3 pts
Year-over-year change
Jun 30, 2022
-0.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The increase in gross profit relative to stable revenue was the primary factor behind the margin improvement compared to the prior quarter.
Gross margin for the current quarter was higher than the immediately preceding quarter but lower than the same quarter one year earlier.
Monitor cost of revenue, as it remained unchanged alongside stable revenue, making it a key variable for future margin movements.