Berry Global Group Inc (BERY)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,315,000 | 12,212,000 | 12,280,000 | 12,492,000 | 12,699,000 | 13,065,000 | 13,562,000 | 14,049,000 | 14,561,000 | 14,740,000 | 14,689,000 | 14,284,000 | 13,848,000 | 13,189,000 | 12,423,000 | 12,027,000 | 11,706,000 | 11,717,000 | 10,745,000 | 9,721,000 |
| Receivables | US$ in thousands | 1,604,000 | 1,630,000 | 1,590,000 | 1,497,000 | 1,568,000 | 1,748,000 | — | 1,617,000 | 1,777,000 | — | — | — | 1,879,000 | — | — | — | — | — | — | — |
| Receivables turnover | 7.68 | 7.49 | 7.72 | 8.34 | 8.10 | 7.47 | — | 8.69 | 8.19 | — | — | — | 7.37 | — | — | — | — | — | — | — |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $12,315,000K ÷ $1,604,000K
= 7.68
The receivables turnover ratio for Berry Global Group Inc has shown variability over the past quarters, ranging from 7.37 to 8.69. A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently. The trend in the receivables turnover ratio for Berry Global Group Inc shows some fluctuations, with a general indication of effective management of accounts receivable. The ratio exceeding 7 consistently suggests that the company has been effectively collecting payments from its customers in a timely manner, which is a positive indicator of its liquidity and operational efficiency. Further analysis in conjunction with other financial ratios and industry benchmarks would provide a comprehensive insight into the company's financial performance.
Peer comparison
Sep 30, 2024