Berry Global Group Inc (BERY)

Working capital 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
Total current assets US$ in thousands 3,950,000 4,533,000 4,340,000 4,531,000 4,469,000 5,164,000 4,716,000 4,983,000 4,688,000 5,094,000 4,588,000 4,315,000 3,983,000 3,817,000 3,857,000 4,053,000 3,673,000 3,757,000 2,179,000 2,267,000
Total current liabilities US$ in thousands 2,370,000 2,713,000 2,325,000 2,320,000 2,255,000 2,844,000 2,630,000 2,744,000 2,664,000 3,186,000 2,879,000 2,498,000 2,295,000 2,183,000 1,995,000 2,202,000 2,077,000 2,039,000 1,156,000 1,127,000
Working capital turnover 7.91 6.98 6.48 6.13 6.35 6.28 7.07 6.56 7.06 7.26 7.72 6.84 7.12 7.16 6.29 5.80 6.09 5.17 7.74 7.06

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $12,492,000K ÷ ($3,950,000K – $2,370,000K)
= 7.91

Berry Global Group Inc's working capital turnover has fluctuated over the past 20 quarters, ranging from a low of 5.17 to a high of 7.91. The working capital turnover measures how efficiently the company is able to generate revenue from its working capital. A higher ratio generally indicates better efficiency in utilizing its working capital to support sales.

From the data provided, it can be observed that the working capital turnover has generally been above 6, which suggests that Berry Global Group Inc has been effectively using its working capital to support its operations and generate sales. However, there have been fluctuations in the ratio over time, indicating potential changes in the company's operational efficiency and management of working capital.

It is important for investors and analysts to closely monitor working capital turnover trends to assess the company's operational efficiency, liquidity, and overall financial health. Further analysis and comparison with industry benchmarks or historical performance may provide additional insights into Berry Global Group Inc's performance in managing its working capital.


Peer comparison

Dec 31, 2023