Berry Global Group Inc (BERY)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,026,000 | 1,079,000 | 1,114,000 | 1,183,000 | 1,223,000 | 1,242,000 | 1,218,000 | 1,225,000 | 1,217,000 | 1,292,000 | 1,329,000 | 1,333,000 | 1,284,000 | 1,179,000 | 1,228,000 | 1,096,000 | 997,000 | 974,000 | 770,000 | 771,000 |
| 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 |
| Operating profit margin | 8.21% | 8.50% | 8.53% | 8.72% | 8.71% | 8.53% | 8.26% | 8.34% | 8.52% | 9.33% | 10.08% | 10.73% | 10.68% | 10.07% | 10.48% | 10.20% | 10.26% | 10.97% | 9.73% | 9.58% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,026,000K ÷ $12,492,000K
= 8.21%
The operating profit margin of Berry Global Group Inc has shown some fluctuations over the past few quarters. As of December 31, 2023, the operating profit margin stood at 8.21%, slightly lower than the previous quarter. However, the margin has generally remained within a narrow range between 8% to 10% over the past two years, indicating a consistent level of operating efficiency in generating profits from sales.
While the company experienced a peak operating profit margin of 10.73% in June 2021, it has since decreased gradually and is currently below that level. It is important for investors and analysts to monitor the trend of the operating profit margin to assess the company's ability to control costs, manage expenses, and generate profits from its core operations.
Peer comparison
Dec 31, 2023