Berry Global Group Inc (BERY)
Total asset turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,663,000 | 14,493,000 | 13,848,000 | 11,695,000 | 8,878,000 |
| Total assets | US$ in thousands | 16,587,000 | 16,956,000 | 17,882,000 | 16,701,000 | 16,469,000 |
| Total asset turnover | 0.76 | 0.85 | 0.77 | 0.70 | 0.54 |
September 30, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $12,663,000K ÷ $16,587,000K
= 0.76
The total asset turnover of Berry Global Group Inc has experienced fluctuations over the past five years. The ratio has ranged from 0.54 in fiscal year 2019 to 0.85 in fiscal year 2022. The ratio indicates a company's ability to generate sales from its assets, and a higher ratio is generally favorable as it suggests more efficient asset utilization. The decline in 2020 to 0.70 followed by a slight increase in 2021 to 0.77 and another decrease in 2023 to 0.76 may indicate varying levels of asset utilization efficiency. Further analysis of the company's operating and financial strategies would be necessary to fully assess the reasons behind these fluctuations and their potential impact on the company's overall performance.
Peer comparison
Sep 30, 2023