Berry Global Group Inc (BERY)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 11,330,000 | 11,217,000 | 11,321,000 | 11,440,000 | 11,596,000 | 11,895,000 | 12,323,000 | 12,770,000 | 13,265,000 | 13,533,000 | 13,475,000 | 13,078,000 | 12,567,000 | 11,547,000 | 10,781,000 | 10,439,000 | 10,226,000 | 10,395,000 | 9,380,000 | 8,263,000 |
| Payables | US$ in thousands | 1,766,000 | 1,242,000 | 1,332,000 | 1,131,000 | 1,528,000 | 1,159,000 | 1,350,000 | 1,208,000 | 1,795,000 | 1,518,000 | 1,651,000 | 1,582,000 | 2,041,000 | 1,556,000 | 1,412,000 | 1,193,000 | 1,115,000 | 981,000 | 1,231,000 | 1,062,000 |
| 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 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $11,330,000K ÷ $1,766,000K
= 6.42
Berry Global Group Inc has shown fluctuations in its payables turnover ratio over the past few quarters. The payables turnover ratio measures how efficiently a company is managing its accounts payable by assessing how many times it pays off its suppliers during a given period.
The trend in Berry Global's payables turnover ratio indicates that the company's ability to manage its accounts payable has varied. In the most recent quarter, the payables turnover ratio was 6.42, which suggests that the company paid off its suppliers approximately 6.42 times during that quarter. This is a slight decrease compared to the previous quarter's ratio of 9.03.
Overall, Berry Global's payables turnover ratios have been fluctuating between 6.16 and 10.60 over the past few quarters. A higher payables turnover ratio generally indicates that a company is efficiently managing its payments to suppliers, whereas a lower ratio may imply a longer payment cycle or potentially strained relationships with suppliers.
It would be important for stakeholders to monitor Berry Global's payables turnover ratio in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial health and operational efficiency.
Peer comparison
Sep 30, 2024