Berry Global Group Inc (BERY)
Return on total capital
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 1,079,000 | 1,242,000 | 1,292,000 | 1,179,000 | 974,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,216,000 | 3,196,000 | 3,180,000 | 2,092,000 | 1,618,000 |
| Return on total capital | 33.55% | 38.86% | 40.63% | 56.36% | 60.20% |
September 30, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $1,079,000K ÷ ($—K + $3,216,000K)
= 33.55%
The return on total capital for Berry Global Group Inc has displayed a fluctuating trend over the past five years. In the most recent period ending September 30, 2023, the return on total capital stood at 9.68%, indicating a slight decline from the previous year's figure of 10.16%. However, when compared to the returns of the preceding years, it is evident that the company has exhibited relatively consistent performance, with figures ranging from 6.49% in 2019 to 10.62% in 2021.
This pattern suggests that Berry Global Group Inc has been effectively utilizing its total capital to generate returns, although the latest data indicates a reduction in the efficiency of capital utilization. Further analysis of the company's financial activities and the factors influencing its return on total capital would be necessary to understand the reasons behind this fluctuation and to assess the company's overall financial performance.
Peer comparison
Sep 30, 2023