Berry Global Group (LTS:0HN1) Inventory Turnover : 1.48 (As of Mar. 2024)

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What is Berry Global Group Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Berry Global Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,509 Mil. Berry Global Group's Average Total Inventories for the quarter that ended in Mar. 2024 was $1,692 Mil. Berry Global Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Berry Global Group's Days Inventory for the three months ended in Mar. 2024 was 61.52.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Berry Global Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.55.

Berry Global Group Inventory Turnover Historical Data

The historical data trend for Berry Global Group's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Berry Global Group Inventory Turnover Chart

Berry Global Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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6.57

7.18

7.15

6.54

6.16

Berry Global Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.42	1.47	1.51	1.47	1.48

Berry Global Group Inventory Turnover Calculation

Berry Global Group's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	10354	/ (	(1802	+	1557)	/	2 )
=	10354	/	1679.5
=	6.16

Berry Global Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2509	/ (	(1689	+	1694)	/	2 )
=	2509	/	1691.5
=	1.48

Berry Global Group (LTS:0HN1) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Berry Global Group's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1691.5	/	2509	*	365 / 4
	=	61.52

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Berry Global Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1691.5	/	3076
	=	0.55

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Berry Global Group Inventory Turnover Related Terms

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Berry Global Group (LTS:0HN1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Berry Global Group Inc (LTS:0HN1) » Definitions » Inventory Turnover

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Traded in Other Exchanges

BERY:USA BP0:Germany

Address

101 Oakley Street, Evansville, IN, USA, 47710

Website

https://www.berryglobal.com

Berry global Group Inc is a leading global supplier of plastic packaging products mainly sold to consumer-oriented end markets. The four business segments are consumer packaging international, consumer packaging North America, engineered materials, and health, hygiene, and specialties. The company primarily uses plastic resin as its raw material, purchased from a variety of suppliers. The majority of revenue comes from consumer packaging international due to the acquisition of RPC, which expanded the geographical areas in which the company operates. The consumer packaging segment consists of closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, polythene films, recycling, containers, and technical components.

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