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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Berry Global Group's accounts receivables for the quarter that ended in Mar. 2024 was $1,590 Mil.
Accounts receivable can be measured by Days Sales Outstanding. Berry Global Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 47.17.
In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Berry Global Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-88.37.
The historical data trend for Berry Global Group's Accounts Receivable 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.
Berry Global Group Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Accounts Receivable | Get a 7-Day Free Trial | 1,526.00 | 1,469.00 | 1,879.00 | 1,777.00 | 1,568.00 |
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 | |
Accounts Receivable | Get a 7-Day Free Trial | 1,751.00 | 1,748.00 | 1,568.00 | 1,497.00 | 1,590.00 |
Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.
1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.
Berry Global Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:
Days Sales Outstanding | |||||
= | Accounts Receivable | / | Revenue | * | Days in Period |
= | 1590 | / | 3076 | * | 91 |
= | 47.17 |
2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Berry Global Group's accounts receivable are only considered to be worth 75% of book value:
Berry Global Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:
Net-Net Working Capital Per Share | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (494 | + | 0.75 * 1590 | + | 0.5 * 1694 | - | 12687 |
- | 0 | - | 0) | / | 114.9 | ||
= | -88.37 |
* 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.
Be Aware
Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.
If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.
Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.
Thank you for viewing the detailed overview of Berry Global Group's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.
James Till | officer: EVP - Controller | C/O 101 OAKLEY STREET, EVANSVILLE IN 47710 |
Mark W Miles | officer: Executive Vice President | C/O BERRY PLASTICS GROUP, INC., 101 OAKLEY ST., EVANSVILLE IN 47710 |
Carl J Rickertsen | director | MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182 |
Jason K. Greene | officer: EVP - Chief Legal Officer | C/O BERRY PLASTICS GROUP, INC., 101 OAKLEY ST., EVANSVILLE IN 47710 |
Evan Bayh | director | 3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814 |
Kevin J. Kwilinski | director, officer: Chief Executive Officer | 101 OAKLEY STREET, EVANSVILLE IN 47714 |
William J Norman | officer: President | C/O BERRY PLASTICS GROUP, INC., 101 OAKLEY STREET, EVANSVILLE IN 47710 |
Michael Edward Hill | officer: President | C/O 101 OAKLEY STREET, EVANSVILLE IN 47710 |
Meredith Harper | director | 101 OAKLEY STREET, EVANSVILLE IN 47710 |
Peter T Thomas | director | 1000 LAKESIDE AVENUE, CLEVELAND OH 44114 |
Chaney Sheffield | director | C/O CANYON PARTNERS, LLC, 2000 AVENUE OF THE STARS, 11TH FLOOR, LOS ANGELES CA 90067 |
Tom Salmon | officer: Executive Vice President | C/O BERRY PLASTICS GROUP, INC., 101 OAKLEY ST., EVANSVILLE IN 47710 |
Curt Begle | officer: Executive Vice President | C/O BERRY PLASTICS GROUP, INC., 101 OAKLEY ST., EVANSVILLE IN 47710 |
Jill A Rahman | director | 101 OAKLEY STREET, EVANSVILLE IN 47710 |
Paula A Sneed | director | THREE LAKES DRIVE, NORTHFIELD IL 60093 |
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