Berry Global Group Inc (BERY)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 937,000 | 1,079,000 | 1,242,000 | 1,292,000 | 1,179,000 |
| Total assets | US$ in thousands | 16,613,000 | 16,587,000 | 16,956,000 | 17,882,000 | 16,701,000 |
| Operating ROA | 5.64% | 6.51% | 7.32% | 7.23% | 7.06% |
September 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $937,000K ÷ $16,613,000K
= 5.64%
Berry Global Group Inc's operating return on assets (operating ROA) has shown a decreasing trend over the past five years. In Sep 2020, the operating ROA was at 7.06%, followed by a slight increase to 7.23% in Sep 2021. However, this upward trend was not sustained as the operating ROA decreased to 7.32% in Sep 2022. The most significant decline was observed in the most recent period, with the operating ROA dropping to 6.51% in Sep 2023 and further declining to 5.64% in Sep 2024.
This decreasing trend in operating ROA may indicate efficiency challenges or decreasing profitability in the company's operations over the years. It is important for the company to evaluate its operational performance and implement strategies to improve the utilization of assets to generate higher operating returns in the future.
Peer comparison
Sep 30, 2024