Berry Global Group Inc (BERY)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.42 | 7.59 | 7.39 | 6.16 | 9.47 | |
| Number of days of payables | days | 56.89 | 48.10 | 49.40 | 59.26 | 38.56 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.42
= 56.89
The trend in Berry Global Group Inc's number of days of payables over the past five years shows some fluctuations. The number of days of payables increased from 48.10 days in 2023 to 56.89 days in 2024. This indicates that, on average, the company took approximately 56.89 days to pay its suppliers in 2024. Comparatively, the number of days of payables was lower in 2022 at 49.40 days and in 2020 at 38.56 days.
The increase in the number of days of payables from 2023 to 2024 may suggest that the company is taking longer to pay its suppliers, which could potentially strain supplier relationships or indicate cash flow challenges. However, it is essential to consider industry norms and the company's specific circumstances when interpreting this ratio. Further analysis of Berry Global Group Inc's financial performance and cash flow management would provide a more comprehensive understanding of the implications of these trends.
Peer comparison
Sep 30, 2024