Berry Global Group Inc (BERY)
Fixed asset 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 |
| Property, plant and equipment | US$ in thousands | 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 | 4,714,000 | 2,451,000 | 2,449,000 |
| Fixed asset turnover | 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 | 1.88 | 3.23 | 3.29 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $12,492,000K ÷ $4,662,000K
= 2.68
The fixed asset turnover ratio for Berry Global Group Inc has shown fluctuations over the periods presented. The ratio measures how effectively the company is generating revenues from its investments in fixed assets. A higher ratio indicates that the company is generating more revenue per dollar of fixed assets.
From December 2019 to June 2022, the fixed asset turnover ratio exhibited a generally increasing trend, peaking at 3.35 in September 2022. This indicates that the company was effectively utilizing its fixed assets to generate revenue during this period.
However, from March 2020 to September 2021, the ratio declined, reaching a low of 1.88 in September 2019. This suggests that the company's revenue generation from fixed assets was not as efficient during this time frame.
In more recent periods, the ratio has shown some volatility, with values ranging between 2.66 and 2.94. This indicates a moderate level of efficiency in generating revenue from fixed assets.
Overall, the company's fixed asset turnover ratio has shown variability over the periods analyzed, with both improvements and declines in efficiency in utilizing fixed assets to generate revenue. It would be important to further investigate the reasons behind these fluctuations to assess the company's operational performance and asset utilization.
Peer comparison
Dec 31, 2023