Berry Global Group Inc (BERY)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,216,000 | 3,196,000 | 3,180,000 | 2,092,000 | 1,618,000 |
| ROE | 18.94% | 23.97% | 23.05% | 26.72% | 24.97% |
September 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $609,000K ÷ $3,216,000K
= 18.94%
The return on equity (ROE) for Berry Global Group Inc has shown a consistent trend over the past five years, fluctuating between 18.94% to 26.72%. The ROE measures the ability of a company to generate profits from its shareholders' equity. A higher ROE indicates that the company is using shareholder funds more effectively to generate profit.
The decrease in ROE from 2019 to 2023 indicates a potential decrease in the company's ability to generate profits from shareholders' equity. Further analysis would be required to understand the specific factors contributing to this trend.
It's important to note that a single ratio cannot provide a complete picture, and other financial metrics and qualitative factors should also be considered for a comprehensive analysis of the company's performance.
Peer comparison
Sep 30, 2023