Berry Global Group (STU:BP0) ROCE % : 6.05% (As of Mar. 2024)

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What is Berry Global Group ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Berry Global Group's annualized ROCE % for the quarter that ended in Mar. 2024 was 6.05%.

Berry Global Group ROCE % Historical Data

The historical data trend for Berry Global Group's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Berry Global Group ROCE % Chart

Berry Global Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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7.49

7.67

8.50

9.21

7.21

Berry Global Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															8.38	7.14	8.12	4.15	6.05

Berry Global Group ROCE % Calculation

Berry Global Group's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	981.976	/	( ( (17125.56 - 2872.44)	+	(15542.019 - 2542.081) )	/ 2 )
	=	981.976	/	( (14253.12	+	12999.938)	/ 2 )
	=	981.976	/	13626.529
	=	7.21 %

Berry Global Group's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	761.76	/	( ( (14804.048 - 2173.29)	+	(14702.52 - 2153.72) )	/ 2 )
	=	761.76	/	( ( 12630.758	+	12548.8 )	/ 2 )
	=	761.76	/	12589.779
	=	6.05 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Berry Global Group (STU:BP0) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Berry Global Group ROCE % Related Terms

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Berry Global Group (STU:BP0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Berry Global Group Inc (STU:BP0) » Definitions » ROCE %

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BERY:USA

Address

101 Oakley Street, Evansville, IN, USA, 47710

Website

https://www.berryglobal.com

Berry global Group Inc is a leading global supplier of plastic packaging products mainly sold to consumer-oriented end markets. The four business segments are consumer packaging international, consumer packaging North America, engineered materials, and health, hygiene, and specialties. The company primarily uses plastic resin as its raw material, purchased from a variety of suppliers. The majority of revenue comes from consumer packaging international due to the acquisition of RPC, which expanded the geographical areas in which the company operates. The consumer packaging segment consists of closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, polythene films, recycling, containers, and technical components.

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