Berry Global Group Inc (BERY)
Operating return on assets (Operating ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,079,000 | 1,242,000 | 1,292,000 | 1,179,000 | 974,000 |
| Total assets | US$ in thousands | 16,587,000 | 16,956,000 | 17,882,000 | 16,701,000 | 16,469,000 |
| Operating ROA | 6.51% | 7.32% | 7.23% | 7.06% | 5.91% |
September 30, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,079,000K ÷ $16,587,000K
= 6.51%
To analyze the operating return on assets (ROA) of Berry Global Group Inc, the average for the last five years is calculated as (7.12% + 7.46% + 7.51% + 7.53% + 5.11%) / 5 = 6.546%. This indicates that on average, for every dollar of assets, the company generates approximately 6.546 cents in operating income.
The trend shows a relatively stable operating ROA over the past five years, with a slight decrease from 7.53% in 2020 to 7.12% in 2023. This suggests that the company's ability to generate operating income from its assets has remained consistently strong, but with a slight decline in the most recent year.
It's important to consider the industry average and compare Berry Global's performance to its peers to gain a better understanding of its operating ROA in the broader context of the industry. Additionally, further analysis of the company's operating efficiency and asset management practices will provide greater insights into the factors influencing its operating ROA.
Peer comparison
Sep 30, 2023