Berry Global Group Inc (BERY)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,258,000 | 12,663,000 | 14,493,000 | 13,848,000 | 11,695,000 |
| Total assets | US$ in thousands | 16,613,000 | 16,587,000 | 16,956,000 | 17,882,000 | 16,701,000 |
| Total asset turnover | 0.74 | 0.76 | 0.85 | 0.77 | 0.70 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $12,258,000K ÷ $16,613,000K
= 0.74
The total asset turnover of Berry Global Group Inc has fluctuated over the past five years. In 2024, the company's total asset turnover ratio stood at 0.74, a slight decrease from the previous year. This implies that for every dollar of total assets held by the company, it generated $0.74 in sales revenue during the period.
Looking back, the total asset turnover was highest in 2022 at 0.85, indicating that the company was more efficient in utilizing its assets to generate sales that year. On the other hand, the lowest ratio was observed in 2020 at 0.70, suggesting a lower level of asset utilization efficiency compared to the other years.
Overall, the trend in total asset turnover for Berry Global Group Inc indicates some variability in asset utilization efficiency over the past five years, with the company experiencing fluctuations in its ability to generate sales revenue relative to its total assets.
Peer comparison
Sep 30, 2024