Berry Global Group Inc (BERY)
Payables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 11,330,000 | 11,594,000 | 13,262,000 | 12,572,000 | 10,554,000 |
| Payables | US$ in thousands | 1,766,000 | 1,528,000 | 1,795,000 | 2,041,000 | 1,115,000 |
| Payables turnover | 6.42 | 7.59 | 7.39 | 6.16 | 9.47 |
September 30, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $11,330,000K ÷ $1,766,000K
= 6.42
Berry Global Group Inc's payables turnover has fluctuated over the past five years. In the most recent fiscal year ending September 30, 2024, the payables turnover ratio was 6.42, a decrease from the previous year's ratio of 7.59. This decline may indicate that the company took longer to pay its suppliers in the most recent year compared to the prior year.
When compared to the payables turnover ratios for the fiscal years 2022, 2021, and 2020, it is evident that the company's payables turnover ratio has been somewhat volatile. The highest ratio was observed in 2020 at 9.47, suggesting that the company was more efficient in managing its payables that year.
Overall, the decreasing trend in payables turnover over the past two years may suggest that Berry Global Group Inc is taking longer to pay its suppliers, which could have implications for its working capital management and relationships with suppliers. Further analysis of the company's payment terms and supplier relationships would provide more insights into the reasons behind these fluctuations in the payables turnover ratio.
Peer comparison
Sep 30, 2024