Berry Global Group Inc (BERY)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	1,026,000	1,079,000	1,114,000	1,183,000	1,223,000	1,242,000	1,218,000	1,225,000	1,217,000	1,292,000	1,329,000	1,333,000	1,284,000	1,179,000	1,228,000	1,096,000	997,000	974,000	770,000	771,000
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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
Return on total capital		30.83%	33.55%	32.89%	35.90%	37.53%	38.86%	39.18%	36.90%	36.95%	40.63%	45.01%	50.38%	52.52%	56.36%	65.70%	66.38%	55.82%	60.20%	49.81%	50.36%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,026,000K ÷ ($—K + $3,328,000K)
= 30.83%

The return on total capital for Berry Global Group Inc has shown a consistently strong performance over the recent quarters, ranging from 30.83% to 66.38%. This indicates that the company has been effectively generating returns from its total capital employed in its operations. The trend shows an overall positive trajectory, with some fluctuations, demonstrating the company's ability to utilize its capital efficiently to generate profits. The peak return on total capital of 66.38% in the quarter ending in June 2020 highlights a particularly exceptional performance. Overall, the company's return on total capital reflects a robust financial performance and efficient capital utilization.