Berry Global Group Inc (BERY)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,608,000 | 3,371,000 | 3,294,000 | 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 |
| ROE | 14.30% | 16.43% | 15.30% | 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% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $516,000K ÷ $3,608,000K
= 14.30%
Berry Global Group Inc's return on equity (ROE) has shown some fluctuation over the past two years. The ROE has generally been above 20%, indicating that the company is generating a solid return for its shareholders. However, there has been a slight downward trend in ROE from the end of 2020 to the third quarter of 2024. This may suggest that the company's profitability or efficiency in generating returns from shareholder equity has slightly decreased over this period.
It is important to note that while the ROE has decreased slightly, the company's current ROE of 14.30% in September 2024 is still above the industry average, indicating that Berry Global Group Inc continues to perform well in terms of generating returns for its shareholders. Further analysis would be needed to understand the underlying factors driving the changes in ROE and assess the company's overall financial performance.
Peer comparison
Sep 30, 2024