Berry Global Group Inc (BERY)
Days of sales outstanding (DSO)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 7.64 | 8.08 | 8.16 | 7.37 | 7.96 | |
| DSO | days | 47.76 | 45.20 | 44.75 | 49.53 | 45.85 |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.64
= 47.76
Based on the data provided, Berry Global Group Inc's Days Sales Outstanding (DSO) has fluctuated over the past five years. In the most recent fiscal year ending on September 30, 2024, the DSO was 47.76 days, showing an increase from the previous year's DSO of 45.20 days in September 2023. This indicates that the company took slightly longer to collect its accounts receivable in 2024 compared to 2023.
Comparing the DSO over a longer period, Berry Global Group Inc's DSO was relatively consistent in the fiscal years 2022 and 2021, standing at 44.75 days and 49.53 days, respectively. The decrease in DSO from 2021 to 2022 suggests an improvement in the company's accounts receivable collection efficiency.
The data for September 30, 2020, shows a DSO of 45.85 days, indicating that the company took fewer days to collect its accounts receivable in 2020 compared to 2024. This suggests that Berry Global Group Inc's accounts receivable management in 2020 was more efficient than in 2024.
Overall, the trend in Berry Global Group Inc's DSO over the past five years shows some variability, with fluctuations in the company's efficiency in collecting its accounts receivable. Further analysis of the underlying factors affecting DSO in each year could provide insights into the company's financial performance and operational efficiency.
Peer comparison
Sep 30, 2024