Berry Global Group Inc (BERY)
Return on assets (ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 516,000 | 554,000 | 504,000 | 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 |
| Total assets | US$ in thousands | 16,613,000 | 15,988,000 | 15,981,000 | 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 |
| ROA | 3.11% | 3.47% | 3.15% | 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% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $516,000K ÷ $16,613,000K
= 3.11%
The return on assets (ROA) of Berry Global Group Inc has shown a fluctuating trend over the past eight quarters, ranging from a low of 2.13% in the first quarter of 2020 to a high of 4.57% in the fourth quarter of 2022. The ROA for the most recent quarter, September 30, 2024, stands at 3.11%.
The ROA measures the efficiency with which the company is utilizing its assets to generate profits. A higher ROA indicates that the company is able to generate more income with the same level of assets, reflecting better operational efficiency and profitability.
While the ROA of Berry Global Group Inc has experienced some volatility, it has generally been above 3% over the past two years, suggesting that the company has been effectively generating profits relative to its asset base. However, the recent slight decrease in ROA from 3.48% in the second quarter of 2024 to 3.11% in the third quarter is worth monitoring to ensure that the company maintains or improves its asset utilization efficiency in the future.
Peer comparison
Sep 30, 2024