Berry Global Group Inc (BERY)
Working capital 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 |
| Total current assets | US$ in thousands | 4,574,000 | 4,136,000 | 4,064,000 | 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 |
| Total current liabilities | US$ in thousands | 3,672,000 | 2,268,000 | 2,341,000 | 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 |
| Working capital turnover | 13.65 | 6.54 | 7.13 | 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 |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $12,315,000K ÷ ($4,574,000K – $3,672,000K)
= 13.65
The working capital turnover ratio for Berry Global Group Inc has fluctuated over the past eight quarters, ranging from a low of 5.80 to a high of 13.65. The ratio measures how efficiently the company is using its working capital to generate sales revenue. A higher turnover ratio indicates that the company is effectively managing its working capital and converting it into sales.
In the most recent quarter, as of September 30, 2024, the working capital turnover ratio was 13.65, which indicates a significant improvement in efficiency compared to the prior quarter. This suggests that Berry Global Group Inc was able to generate $13.65 in sales for every dollar of working capital invested during this period.
However, it is important to note that the working capital turnover ratio can be impacted by various factors such as changes in inventory levels, accounts receivable management, and accounts payable terms. Thus, it is essential for the company to consistently monitor and optimize its working capital management practices to maintain a healthy turnover ratio and improve overall operational efficiency.
Peer comparison
Sep 30, 2024