Berry Global Group Inc (BERY)

Number of days of payables

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		9.85	7.39	10.00	8.90	10.57	7.39	8.92	8.16	8.27	6.16	7.42	7.64	8.75	9.17	10.60	7.62	7.78	6.26	11.05	10.03
Number of days of payables	days	37.07	49.40	36.50	41.00	34.53	49.39	40.94	44.72	44.15	59.28	49.19	47.80	41.71	39.80	34.45	47.90	46.91	58.28	33.03	36.38

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 9.85
= 37.07

The number of days of payables for Berry Global Group Inc has shown some variability over the past few quarters. In the most recent quarter, as of December 31, 2023, the company took an average of 37.07 days to pay its suppliers, which is lower than the previous quarter. This suggests that the company is managing its payables more efficiently.

Looking at the trend over the past few quarters, we can see that the number of days of payables has fluctuated between a low of 34.45 days to a high of 59.28 days. This variability indicates that Berry Global Group Inc may have been adjusting its payment practices or experiencing changes in its supplier relationships.

Overall, while the number of days of payables can vary, it is essential for the company to strike a balance between managing cash flow and maintaining positive relationships with suppliers. Monitoring this ratio over time can provide insight into the company's liquidity management and operational efficiency.