Berry Global Group Inc (BERY)
Return on equity (ROE)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 516,000 | 609,000 | 766,000 | 733,000 | 559,000 |
| Total stockholders’ equity | US$ in thousands | 3,608,000 | 3,216,000 | 3,196,000 | 3,180,000 | 2,092,000 |
| ROE | 14.30% | 18.94% | 23.97% | 23.05% | 26.72% |
September 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $516,000K ÷ $3,608,000K
= 14.30%
Berry Global Group Inc's Return on Equity (ROE) has been gradually decreasing over the past five years, from 26.72% in September 2020 to 14.30% in September 2024. This declining trend indicates that the company's profitability in generating returns from shareholders' equity has been weakening over time. A lower ROE could suggest a less effective utilization of equity financing or declining profitability.
It is essential for investors and stakeholders to further investigate the reasons behind this decline in ROE to assess the company's financial health and performance accurately. Factors such as changes in the company's capital structure, operational efficiency, profitability margins, or asset utilization may have contributed to the decreasing trend in ROE. Further analysis and comparison with industry benchmarks or competitors' ROE can provide more insights into Berry Global Group Inc's financial performance and potential future prospects.
Peer comparison
Sep 30, 2024