Berry Global Group Inc (BERY)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 562,000 | 609,000 | 656,000 | 720,000 | 751,000 | 766,000 | 761,000 | 748,000 | 724,000 | 733,000 | 700,000 | 697,000 | 642,000 | 559,000 | 593,000 | 415,000 | 363,000 | 404,000 | 308,000 | 405,000 |
| Total assets | US$ in thousands | 16,144,000 | 16,587,000 | 16,549,000 | 16,613,000 | 16,451,000 | 16,956,000 | 16,885,000 | 17,535,000 | 17,341,000 | 17,882,000 | 17,577,000 | 17,263,000 | 17,176,000 | 16,701,000 | 16,731,000 | 16,949,000 | 17,024,000 | 16,469,000 | 8,809,000 | 8,984,000 |
| ROA | 3.48% | 3.67% | 3.96% | 4.33% | 4.57% | 4.52% | 4.51% | 4.27% | 4.18% | 4.10% | 3.98% | 4.04% | 3.74% | 3.35% | 3.54% | 2.45% | 2.13% | 2.45% | 3.50% | 4.51% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $562,000K ÷ $16,144,000K
= 3.48%
Berry Global Group Inc's return on assets (ROA) has shown some fluctuations over the past few periods. The ROA ranged from a low of 2.13% in March 2020 to a high of 4.57% in December 2022, indicating variability in the company's ability to generate profits relative to its total assets.
The average ROA over the periods analyzed is approximately 3.82%, suggesting that, on average, the company generated about $0.0382 in profit for every dollar of assets employed. This indicates a moderate level of efficiency in asset utilization and profitability.
The increasing trend from 2019 to 2022, peaking in December 2022, reflects an improvement in the company's ability to generate profits from its assets. However, there was a slight decline in ROA in the most recent period (December 2023), which may warrant further investigation into the company's asset management and profitability strategies.
Overall, while Berry Global Group Inc has demonstrated reasonable profitability relative to its asset base, monitoring further trends and analyzing the drivers of ROA fluctuations can provide valuable insights into the company's financial performance and efficiency.
Peer comparison
Dec 31, 2023