Berry Global Group Inc (BERY)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.59 | 7.25 | 6.70 | 6.45 | 6.72 | 7.36 | 6.84 | 6.86 | 6.41 | 6.59 | 6.66 | 6.91 | 6.95 | 8.06 | 7.89 | 6.87 | 5.85 | 5.48 | 7.46 | 7.10 | |
| DOH | days | 55.36 | 50.33 | 54.48 | 56.61 | 54.34 | 49.58 | 53.35 | 53.20 | 56.96 | 55.39 | 54.84 | 52.82 | 52.55 | 45.26 | 46.28 | 53.15 | 62.37 | 66.57 | 48.93 | 51.44 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.59
= 55.36
Days of inventory on hand (DOH) is a metric used to evaluate how efficiently a company manages its inventory. A lower number of DOH typically indicates better inventory management, as it suggests that the company is able to sell its inventory quickly.
Analyzing Berry Global Group Inc's DOH over the past years, we observe some fluctuations in the metric. In the most recent quarter, the DOH was 55.36 days, showing an increase compared to the previous quarter where it was 50.33 days. This indicates that Berry Global Group Inc took longer to sell its inventory in the most recent quarter.
Looking at longer-term trends, we can see that the DOH has been somewhat volatile, ranging from a low of 45.26 days in the third quarter of 2020 to a high of 66.57 days in the fourth quarter of 2019. It's worth noting that the DOH has generally been above 50 days in recent years, which suggests that the company may need to work on improving its inventory management efficiency.
Overall, the fluctuations in Berry Global Group Inc's DOH indicate varying levels of efficiency in managing its inventory. Investors and stakeholders may want to monitor this metric closely to assess the company's ability to manage its working capital efficiently and optimize its inventory levels.
Peer comparison
Dec 31, 2023