Berry Global Group Inc (BERY)
Working capital 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 |
| Total current assets | US$ in thousands | 4,533,000 | 5,164,000 | 5,094,000 | 3,817,000 | 3,757,000 |
| Total current liabilities | US$ in thousands | 2,713,000 | 2,844,000 | 3,186,000 | 2,183,000 | 2,039,000 |
| Working capital turnover | 6.96 | 6.25 | 7.26 | 7.16 | 5.17 |
September 30, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $12,663,000K ÷ ($4,533,000K – $2,713,000K)
= 6.96
The working capital turnover for Berry Global Group Inc has fluctuated over the past five years. In 2023, the company's working capital turnover was 6.96, representing an increase from the previous year's 6.25. This indicates that the company was able to generate $6.96 in revenue for every $1 of working capital. The trend suggests an improvement in the management of working capital efficiency, as the turnover has generally increased since 2019. However, it is important to note that working capital turnover should be assessed in conjunction with other financial metrics to gain a comprehensive understanding of the company's overall financial performance.
Peer comparison
Sep 30, 2023