Berry Global Group Inc (BERY)
Fixed asset 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 |
| Property, plant and equipment | US$ in thousands | 4,575,000 | 4,558,000 | 4,576,000 | 4,662,000 | 4,576,000 | 4,651,000 | 4,612,000 | 4,523,000 | 4,342,000 | 4,560,000 | 4,650,000 | 4,672,000 | 4,677,000 | 4,731,000 | 4,675,000 | 4,734,000 | 4,561,000 | 4,481,000 | 4,467,000 | 4,799,000 |
| Fixed asset turnover | 2.69 | 2.68 | 2.68 | 2.68 | 2.78 | 2.81 | 2.94 | 3.11 | 3.35 | 3.23 | 3.16 | 3.06 | 2.96 | 2.79 | 2.66 | 2.54 | 2.57 | 2.61 | 2.41 | 2.03 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $12,315,000K ÷ $4,575,000K
= 2.69
Fixed asset turnover measures how efficiently a company is utilizing its fixed assets to generate sales. Higher turnover ratios indicate better efficiency in asset utilization. Analysis of Berry Global Group Inc's fixed asset turnover reveals a generally stable trend over the past few years. The company's fixed asset turnover ratio has ranged from 2.03 to 3.35.
From Dec 2019 to Jun 2021, the fixed asset turnover ratio showed an increasing trend, peaking at 3.35 in Sep 2022. This indicates improving efficiency in utilizing fixed assets to generate sales during this period. However, from Sep 2022 onwards, the ratio shows a declining trend, settling around the 2.6 range in recent quarters. Despite the fluctuations, the company has maintained a relatively healthy level of fixed asset turnover, suggesting effective management of its asset base.
Overall, Berry Global Group Inc's fixed asset turnover ratio has demonstrated consistency and efficiency in utilizing its fixed assets to support sales generation, albeit with some variations over time. Continued monitoring of this ratio will be important to assess the company's ongoing operational efficiency and asset utilization strategies.
Peer comparison
Sep 30, 2024