Berry Global Group Inc (BERY)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 609,000 | 766,000 | 733,000 | 559,000 | 404,000 |
| Total assets | US$ in thousands | 16,587,000 | 16,956,000 | 17,882,000 | 16,701,000 | 16,469,000 |
| ROA | 3.67% | 4.52% | 4.10% | 3.35% | 2.45% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $609,000K ÷ $16,587,000K
= 3.67%
Based on the provided data, the return on assets (ROA) of Berry Global Group Inc has been consistently positive over the past five years. The ROA shows the company's ability to generate profits from its assets.
The ROA for the most recent fiscal year ending on September 30, 2023, stands at 3.67%. This indicates that the company generated approximately $0.0367 in net income for every dollar of assets it holds.
Comparing this to the previous four years, we can see a fluctuation in the ROA. In the fiscal year ending in October 1, 2022, the ROA was at 4.52%, marking a decrease from the previous year. However, there was a slight improvement from the fiscal year ending in October 2, 2021, where the ROA was 4.10%. This suggests that the company's profitability in relation to its assets experienced a temporary decline before recovering slightly in the most recent period.
Looking further back, the ROA was 3.35% in the fiscal year ending on September 26, 2020, and 2.45% in the fiscal year ending on September 28, 2019. These figures show a positive trend in the company's ability to generate profits from its assets over the five-year period, with the ROA steadily increasing over time.
Overall, the trend in Berry Global Group Inc's ROA indicates that the company has been effective in utilizing its assets to generate profits. However, the recent decrease in the ROA from the prior year warrants further investigation into the underlying reasons for the decline and whether it is a temporary or ongoing trend.
Peer comparison
Sep 30, 2023