Berry Global Group Inc (BERY)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 11,330,000 | 11,217,000 | 11,321,000 | 11,440,000 | 11,596,000 | 11,895,000 | 12,323,000 | 12,770,000 | 13,265,000 | 13,533,000 | 13,475,000 | 13,078,000 | 12,567,000 | 11,547,000 | 10,781,000 | 10,439,000 | 10,226,000 | 10,395,000 | 9,380,000 | 8,263,000 |
| Inventory | US$ in thousands | 1,631,000 | 1,679,000 | 1,694,000 | 1,689,000 | 1,557,000 | 1,730,000 | 1,864,000 | 1,901,000 | 1,802,000 | 1,978,000 | 1,964,000 | 2,041,000 | 1,907,000 | 1,735,000 | 1,560,000 | 1,503,000 | 1,268,000 | 1,318,000 | 1,366,000 | 1,412,000 |
| 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 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $11,330,000K ÷ $1,631,000K
= 6.95
Inventory turnover is a key ratio that measures how efficiently a company manages its inventory by indicating how many times a company sells and replaces its inventory within a specific period. Analyzing Berry Global Group Inc's inventory turnover over the given periods reveals a consistent trend of around 6 to 8 times per year.
The inventory turnover ratio for the latest period ending September 30, 2024, stands at 6.95, indicating that the company's inventory was turned over approximately 6.95 times over the course of the year. This reflects a slight increase compared to the previous quarter's ratio of 6.68.
Looking further back, the company has maintained a relatively stable inventory turnover performance over the past few quarters, ranging between 6.41 to 7.45. A higher turnover ratio generally implies better inventory management efficiency, as it indicates that inventory is being sold and restocked quickly.
Overall, Berry Global Group Inc's inventory turnover ratios suggest that the company is effectively managing its inventory levels and efficiently converting inventory into sales. However, it's essential to consider industry benchmarks and company-specific factors to fully evaluate the effectiveness of the company's inventory management practices.
Peer comparison
Sep 30, 2024
Sep 30, 2024