Berry Global Group Inc (BERY)

Inventory turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Cost of revenue	US$ in thousands	11,594,000	13,262,000	12,572,000	10,554,000	7,259,000
Inventory	US$ in thousands	1,557,000	1,802,000	1,907,000	1,268,000	1,324,000
Inventory turnover		7.45	7.36	6.59	8.32	5.48

September 30, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $11,594,000K ÷ $1,557,000K
= 7.45

The inventory turnover of Berry Global Group Inc has fluctuated over the past five years. In the fiscal year ending September 30, 2023, the inventory turnover was 6.65 times, showing a slight decrease from the previous year's 6.73 times. This indicates that the company's inventory was sold and replaced approximately 6.65 times during the period, reflecting a moderately efficient management of inventory. Comparatively, in the fiscal year ending Oct 2, 2021, the inventory turnover was 5.95 times, suggesting a less efficient management of inventory. However, the company's performance improved in the fiscal year ending Sep 26, 2020, with an inventory turnover of 7.34 times, indicating a more efficient management of inventory. In the fiscal year ending Sep 28, 2019, the inventory turnover was 5.48 times, indicating a lower level of efficiency compared to the most recent year. Overall, the trend in inventory turnover suggests some variability in the efficiency of inventory management within the analyzed period.