Berry Global Group Inc (BERY)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,328,000 | 3,216,000 | 3,387,000 | 3,295,000 | 3,259,000 | 3,196,000 | 3,109,000 | 3,320,000 | 3,294,000 | 3,180,000 | 2,953,000 | 2,646,000 | 2,445,000 | 2,092,000 | 1,869,000 | 1,651,000 | 1,786,000 | 1,618,000 | 1,546,000 | 1,531,000 |
| ROE | 16.89% | 18.94% | 19.37% | 21.85% | 23.04% | 23.97% | 24.48% | 22.53% | 21.98% | 23.05% | 23.70% | 26.34% | 26.26% | 26.72% | 31.73% | 25.14% | 20.32% | 24.97% | 19.92% | 26.45% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $562,000K ÷ $3,328,000K
= 16.89%
Berry Global Group Inc has shown varying levels of return on equity (ROE) over the past several quarters. The ROE fluctuated between 16.89% and 26.72% during the latest period. Generally, the trend has been positive, with an overall upward trajectory. However, there was a slight decline in the most recent quarter compared to the previous one.
The highest ROE was recorded in Q2 2020 at 31.73%, indicating exceptional performance in generating profits from shareholders' equity. On the other hand, the lowest ROE was observed in Q1 2020 at 19.92%, which is still a respectable level but comparatively lower.
Overall, Berry Global Group Inc has demonstrated its ability to effectively utilize equity to generate profits for shareholders, with the ROE consistently above 15% in most quarters. This indicates efficient management of resources and a strong financial performance.
Peer comparison
Dec 31, 2023