Berry Global Group Inc (BERY)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 7.68 | 7.49 | 7.72 | 8.34 | 8.10 | 7.47 | — | 8.69 | 8.19 | — | — | — | 7.37 | — | — | — | — | — | — | — | |
| DSO | days | 47.54 | 48.72 | 47.26 | 43.74 | 45.07 | 48.83 | — | 42.01 | 44.54 | — | — | — | 49.53 | — | — | — | — | — | — | — |
September 30, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.68
= 47.54
The Days of Sales Outstanding (DSO) for Berry Global Group Inc fluctuated over the past few quarters. As of September 30, 2024, the DSO stood at 47.54 days, slightly lower than the previous quarter's figure of 48.72 days. This indicates that the company takes approximately 47.54 days to collect its accounts receivable, implying a reasonable efficiency in collecting payments from customers.
Looking back to the trend, there was a noticeable increase in DSO from December 31, 2023 (43.74 days) to June 30, 2024 (48.83 days), followed by a slight decline in the most recent quarter. The DSO performance in the first quarter of 2023 was not available, but December 31, 2022, showed a DSO of 42.01 days.
This suggests that Berry Global Group Inc might have faced some challenges in collecting receivables in the first half of 2024, as reflected by the rising DSO figures. However, the recent decrease in DSO could indicate an improvement in the collection process.
Further insights could be gained by comparing these DSO values with industry benchmarks or historical performance of the company to assess whether the current collection efficiency is in line with expectations or needs further attention.
Peer comparison
Sep 30, 2024