Berry Global Group Inc (BERY)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	1,357,000	1,408,000	1,475,000	1,544,000	1,279,000	1,296,000	1,207,000	1,214,000	1,206,000	1,281,000	1,642,000	1,937,000	2,188,000	2,408,000	2,250,000	1,998,000	1,786,000	1,619,000	1,460,000	1,456,000
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
Gross profit margin		10.86%	11.09%	11.29%	11.38%	9.10%	8.90%	8.19%	8.26%	8.44%	9.25%	12.45%	15.59%	18.19%	20.57%	19.20%	18.59%	18.37%	18.24%	18.45%	18.09%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,357,000K ÷ $12,492,000K
= 10.86%

The gross profit margin of Berry Global Group Inc has demonstrated fluctuations over the past few quarters. From December 2019 to June 2021, the gross profit margin showed a consistent upward trend, reaching a peak of 20.57% in September 2020. However, from September 2020 to December 2022, there was a gradual decline in the gross profit margin, with a low point of 8.90% in September 2022.

In the most recent quarters, the gross profit margin has shown slight improvements, ranging from 10.86% in December 2023 to 11.38% in March 2023. These positive changes may indicate potential efforts to enhance operational efficiency and cost management.

Overall, Berry Global Group Inc should continue monitoring its gross profit margin closely to ensure profitability and sustainable growth in the competitive market environment.