Berry Global Group Inc (BERY)
Receivables turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,663,000 | 14,493,000 | 13,848,000 | 11,695,000 | 8,878,000 |
| Receivables | US$ in thousands | 1,568,000 | 1,777,000 | 1,879,000 | 1,469,000 | 1,526,000 |
| Receivables turnover | 8.08 | 8.16 | 7.37 | 7.96 | 5.82 |
September 30, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $12,663,000K ÷ $1,568,000K
= 8.08
The receivables turnover ratio for Berry Global Group Inc has been relatively consistent over the past five years, ranging from 5.82 to 8.16. The ratio indicates the company's efficiency in collecting outstanding receivables from customers. A higher turnover ratio suggests that Berry Global is collecting its receivables more frequently, which can be indicative of effective credit and collection policies. The slight fluctuations in the ratio over the years may reflect changes in the company's credit management practices, customer payment behavior, or sales volume. Overall, the consistent range of receivables turnover ratios suggests that Berry Global has been effectively managing its accounts receivable and maintaining relatively stable collection practices.
Peer comparison
Sep 30, 2023