Berry Global Group Inc (BERY)
Days of inventory on hand (DOH)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 7.45 | 7.36 | 6.59 | 8.32 | 5.48 | |
| DOH | days | 49.02 | 49.60 | 55.37 | 43.85 | 66.57 |
September 30, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.45
= 49.02
To analyze Berry Global Group Inc's days of inventory on hand (DOH) over the past five years, we observe a fluctuating trend.
In September 2023, the DOH was 54.89 days, slightly higher than the prior year's 54.25 days, indicating that the company held inventory for a slightly longer period in 2023.
Comparing this to the DOH in 2021, which was 61.32 days, it is evident that the company managed its inventory more efficiently in 2023, with a decrease in the number of days inventory was held.
However, it is worth noting that in 2019, the DOH was significantly higher at 66.57 days, indicating that Berry Global Group Inc had brought down its inventory holding period significantly by 2023.
Overall, the trend in DOH for Berry Global Group Inc reflects fluctuations but shows improvement in inventory management efficiency compared to previous years.
Peer comparison
Sep 30, 2023