Berry Global Group Inc (BERY)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.95 | 6.68 | 6.68 | 6.77 | 7.45 | 6.88 | 6.61 | 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 | |
| DOH | days | 52.54 | 54.63 | 54.62 | 53.89 | 49.01 | 53.09 | 55.21 | 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 |
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 has exhibited some fluctuation over the past few quarters. The DOH ranged from a low of 45.26 days in December 2020 to a high of 62.37 days in March 2020, indicating some variability in the management of inventory levels.
Overall, the DOH seems to have stabilized within a range of approximately 49 to 56 days in more recent quarters, suggesting a level of consistency in managing inventory relative to the earlier periods. This may indicate improvements in inventory management efficiency in the more recent quarters compared to the earlier periods.
However, it is important to further analyze the trend over time and compare it to industry benchmarks to fully assess the effectiveness of Berry Global Group Inc in managing its inventory levels. The company may still benefit from optimizing its inventory turnover to enhance working capital management and operational efficiency.
Peer comparison
Sep 30, 2024