Berry Global Group Inc (BERY)

Number of days of payables

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Payables turnover		7.59	7.39	6.16	9.47	6.26
Number of days of payables	days	48.10	49.40	59.26	38.56	58.28

September 30, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.59
= 48.10

To analyze Berry Global Group Inc's number of days of payables, we can observe the trend over the past five years. The number of days of payables indicates the average number of days it takes the company to pay its suppliers.

The trend shows that the number of days of payables has fluctuated over the past five years. In 2023, the number of days of payables decreased to 53.87 days from 54.04 days in the previous year, indicating a slight improvement in the company's ability to pay its suppliers. However, compared to 2020, the number of days of payables has increased, reflecting a longer time taken to settle payables.

The increase in the number of days of payables from 2020 to 2021 suggests a potential strain on the company's cash flow management, which could be a cause for concern. However, the decrease in 2023 indicates a possible effort to improve working capital management.

Overall, it is essential to monitor the number of days of payables closely to ensure efficient management of the company's cash flow and vendor relationships.