Berry Global Group (Berry Global Group) EBIT : $984 Mil (TTM As of Dec. 2023)

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What is Berry Global Group EBIT?

Berry Global Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $145 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $984 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Berry Global Group's annualized ROC % for the quarter that ended in Dec. 2023 was 4.12%. Berry Global Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 9.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Berry Global Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 6.41%.

Berry Global Group EBIT Historical Data

The historical data trend for Berry Global Group's EBIT 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.

* Premium members only.

Berry Global Group EBIT Chart

Berry Global Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

EBIT

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819.00

1,148.00

1,241.00

1,220.00

1,048.00

Berry Global Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															209.00	300.00	256.00	283.00	145.00

Competitive Comparison of Berry Global Group's EBIT

For the Packaging & Containers subindustry, Berry Global Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Berry Global Group's EV-to-EBIT Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Berry Global Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Berry Global Group's EV-to-EBIT falls into.

Berry Global Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $984 Mil.

Berry Global Group (NYSE:BERY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Berry Global Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	716 * ( 1 - 19.18% )	/	( (13583	+	14506)	/ 2 )
=	578.6712	/	14044.5
=	4.12 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	16587	-	1801	-	( 1203	-	max(0, 2713	-	4533	+	1203	))
=	13583

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	16144	-	1131	-	( 507	-	max(0, 2370	-	3950	+	507	))
=	14506

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Berry Global Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	580	/	( ( (5201 + max(627, 0))	+	(5307 + max(1098, 0)) )	/	2 )
=	580	/	( ( 5828	+	6405 )	/	2 )
=	580	/	6116.5
=	9.48 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1568	+	1557	+	205)	-	(1801	+	0	+	902)
=	627

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1497	+	1689	+	257)	-	(1131	+	0	+	1214)
=	1098

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Berry Global Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	984	/	15355.387
	=	6.41 %

Berry Global Group EBIT Related Terms

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Berry Global Group (Berry Global Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Berry Global Group Inc (NYSE:BERY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

BP0:Germany

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.

Executives

James Till	officer: EVP - Controller	C/O 101 OAKLEY STREET, EVANSVILLE IN 47710
Mark W Miles	officer: Executive Vice President	C/O BERRY PLASTICS GROUP, INC., 101 OAKLEY ST., EVANSVILLE IN 47710
Carl J Rickertsen	director	MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER VA 22182
Jason K. Greene	officer: EVP - Chief Legal Officer	C/O BERRY PLASTICS GROUP, INC., 101 OAKLEY ST., EVANSVILLE IN 47710
Evan Bayh	director	3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814
Kevin J. Kwilinski	director, officer: Chief Executive Officer	101 OAKLEY STREET, EVANSVILLE IN 47714
William J Norman	officer: President	C/O BERRY PLASTICS GROUP, INC., 101 OAKLEY STREET, EVANSVILLE IN 47710
Michael Edward Hill	officer: President	C/O 101 OAKLEY STREET, EVANSVILLE IN 47710
Meredith Harper	director	101 OAKLEY STREET, EVANSVILLE IN 47710
Peter T Thomas	director	1000 LAKESIDE AVENUE, CLEVELAND OH 44114
Chaney Sheffield	director	C/O CANYON PARTNERS, LLC, 2000 AVENUE OF THE STARS, 11TH FLOOR, LOS ANGELES CA 90067
Tom Salmon	officer: Executive Vice President	C/O BERRY PLASTICS GROUP, INC., 101 OAKLEY ST., EVANSVILLE IN 47710
Curt Begle	officer: Executive Vice President	C/O BERRY PLASTICS GROUP, INC., 101 OAKLEY ST., EVANSVILLE IN 47710
Jill A Rahman	director	101 OAKLEY STREET, EVANSVILLE IN 47710
Paula A Sneed	director	THREE LAKES DRIVE, NORTHFIELD IL 60093