Berry Global Group Inc (BERY)
Total 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 |
| Total assets | US$ in thousands | 16,613,000 | 15,988,000 | 15,981,000 | 16,144,000 | 16,587,000 | 16,549,000 | 16,613,000 | 16,451,000 | 16,956,000 | 16,885,000 | 17,535,000 | 17,341,000 | 17,882,000 | 17,577,000 | 17,263,000 | 17,176,000 | 16,701,000 | 16,731,000 | 16,949,000 | 17,024,000 |
| Total asset turnover | 0.74 | 0.76 | 0.77 | 0.77 | 0.77 | 0.79 | 0.82 | 0.85 | 0.86 | 0.87 | 0.84 | 0.82 | 0.77 | 0.75 | 0.72 | 0.70 | 0.70 | 0.70 | 0.63 | 0.57 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,315,000K ÷ $16,613,000K
= 0.74
Berry Global Group Inc's total asset turnover ratio has been relatively stable over the past few quarters, ranging between 0.70 and 0.87. This ratio indicates that, on average, the company generates $0.70 to $0.87 in revenue for every $1 of assets it owns. A total asset turnover below 1 suggests that Berry Global Group may not be efficiently utilizing its assets to generate revenue.
The downward trend in the total asset turnover ratio from 0.87 in Jun 30, 2022, to 0.74 in Sep 30, 2024, may signal a decrease in the company's efficiency in generating sales from its asset base. This trend warrants a closer examination of Berry Global Group's asset management practices and revenue generation strategies to identify potential areas for improvement. Additionally, comparisons with industry peers or historical data can provide further insights into the company's performance relative to its competitors and its own past performance.
Peer comparison
Sep 30, 2024