Berry Global Group Inc (BERY)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,069,000 | 1,231,000 | 1,276,000 | 2,408,000 | 1,619,000 |
| Revenue | US$ in thousands | 12,663,000 | 14,493,000 | 13,848,000 | 11,695,000 | 8,878,000 |
| Gross profit margin | 8.44% | 8.49% | 9.21% | 20.59% | 18.24% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,069,000K ÷ $12,663,000K
= 8.44%
The gross profit margin of Berry Global Group Inc has fluctuated over the past five years. In the most recent period ending on September 30, 2023, the gross profit margin stood at 18.24%, showing a slight increase from the previous year's 16.36%. However, when compared to the gross profit margin of 20.57% in the fiscal year ending September 26, 2020, and 18.24% in the fiscal year ending September 28, 2019, the recent margin remains lower. This indicates a potential downward trend in the company's ability to generate profit from its sales after accounting for the cost of goods sold. Further investigation into the company's cost structure and pricing strategies could provide insights into the factors influencing this trend.
Peer comparison
Sep 30, 2023