Berry Global Group Inc (BERY)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.42 | 9.03 | 8.50 | 10.11 | 7.59 | 10.26 | 9.13 | 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 | |
| Number of days of payables | days | 56.89 | 40.41 | 42.94 | 36.09 | 48.10 | 35.56 | 39.99 | 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 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.42
= 56.89
The number of days of payables for Berry Global Group Inc has varied over the past few quarters. As of September 30, 2024, the company takes approximately 56.89 days to pay its payables. This number has increased from the previous quarter, indicating that the company is taking longer to settle its outstanding obligations.
Comparing the current value to historical data, it is evident that the number of days of payables has fluctuated over time. The highest number of days of payables was observed on September 30, 2021, at 59.28 days, while the lowest was on December 31, 2019, at 34.45 days.
Analyzing the trend, Berry Global Group Inc has shown some variability in its payment practices, potentially influenced by various factors such as cash flow management, supplier relationships, and operational efficiency. Overall, a higher number of days of payables may suggest a more conservative approach to managing cash outflows, while a lower number may indicate efficient working capital management.
Peer comparison
Sep 30, 2024