Berry Global Group Inc (BERY)

Days of inventory on hand (DOH)

Sep 30, 2024 Sep 30, 2023 Sep 30, 2022 Sep 30, 2021 Sep 30, 2020
Inventory turnover 6.95 7.45 7.36 6.59 8.32
DOH days 52.54 49.02 49.60 55.37 43.85

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.95
= 52.54

The days of inventory on hand (DOH) for Berry Global Group Inc have exhibited some fluctuation over the past five years. The trend indicates that the company has managed its inventory levels quite efficiently overall, with the DOH ranging from a low of 43.85 days in 2020 to a high of 55.37 days in 2021.

In 2024, the DOH increased to 52.54 days from the previous year's 49.02 days, suggesting that the company is holding inventory for a longer period before selling it. This could be a potential concern as higher inventory levels tie up working capital and increase holding costs.

It is important for Berry Global Group Inc to closely monitor and manage its inventory levels to ensure optimal utilization of resources and maintain a healthy cash flow. Further analysis of the underlying factors driving the changes in inventory turnover would provide valuable insights into the company's operational efficiency and inventory management practices.


Peer comparison

Sep 30, 2024