Berry Global Group Inc (BERY)
Receivables turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,258,000 | 12,663,000 | 14,493,000 | 13,848,000 | 11,695,000 |
| Receivables | US$ in thousands | 1,604,000 | 1,568,000 | 1,777,000 | 1,879,000 | 1,469,000 |
| Receivables turnover | 7.64 | 8.08 | 8.16 | 7.37 | 7.96 |
September 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $12,258,000K ÷ $1,604,000K
= 7.64
The receivables turnover ratio for Berry Global Group Inc has shown some fluctuations over the past five years. In general, the company has been able to collect its accounts receivable, on average, approximately 7 to 8 times per year.
In 2024, the receivables turnover ratio decreased to 7.64 from 8.08 in 2023, indicating that the company took slightly longer to collect its receivables compared to the previous year. However, this ratio is still within a relatively stable range compared to previous years.
It is important to note that a higher receivables turnover ratio typically indicates that a company is more efficient in collecting its outstanding payments from customers. Conversely, a lower ratio may suggest potential issues with collections or credit management.
Overall, while there have been some fluctuations in the receivables turnover ratio for Berry Global Group Inc, the company has generally had a consistent performance in managing its accounts receivable over the past five years.
Peer comparison
Sep 30, 2024