Berry Global Group Inc (BERY)

Receivables turnover

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	8,878,000	7,913,000	8,048,000
Receivables	US$ in thousands	1,497,000	1,568,000	1,748,000	—	1,617,000	1,777,000	—	—	—	1,879,000	—	—	—	—	—	—	—	—	—	—
Receivables turnover		8.34	8.10	7.47	—	8.69	8.19	—	—	—	7.37	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $12,492,000K ÷ $1,497,000K
= 8.34

The receivables turnover for Berry Global Group Inc has been relatively stable over the periods reported, ranging from 7.37 to 8.69 times on an annual basis. This indicates that the company is efficient in collecting payments from its customers, with a higher turnover reflecting a shorter time it takes for the company to collect outstanding receivables. However, the missing data points in the table limit a detailed trend analysis for the most recent periods. Overall, the company's consistent receivables turnover suggests effective management of accounts receivables.