Berry Operating Income vs Inventory Turnover Analysis

BERY Stock  USD 60.48  1.25  2.11%   
Berry Global financial indicator trend analysis is way more than just evaluating Berry Global Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Berry Global Group is a good investment. Please check the relationship between Berry Global Operating Income and its Inventory Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Berry Global Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Operating Income vs Inventory Turnover

Operating Income vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Berry Global Group Operating Income account and Inventory Turnover. At this time, the significance of the direction appears to have pay attention.
The correlation between Berry Global's Operating Income and Inventory Turnover is -0.71. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of Berry Global Group, assuming nothing else is changed. The correlation between historical values of Berry Global's Operating Income and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Berry Global Group are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Operating Income i.e., Berry Global's Operating Income and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

-0.71
Relationship DirectionNegative 
Relationship StrengthWeak

Operating Income

Operating Income is the amount of profit realized from Berry Global Group operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Berry Global Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.
Most indicators from Berry Global's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Berry Global Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Berry Global Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Berry Global's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value Multiple is likely to rise to 11.32 in 2024, whereas Selling General Administrative is likely to drop slightly above 579.9 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense286M306M351.9M324.9M
Depreciation And Amortization820M818M940.7M509.9M

Berry Global fundamental ratios Correlations

0.50.360.470.570.470.430.190.460.510.460.390.49-0.22-0.130.520.440.510.520.420.480.5-0.210.470.48-0.13
0.50.620.970.890.950.850.850.971.00.960.560.990.64-0.180.990.970.870.990.940.891.0-0.470.860.99-0.18
0.360.620.650.550.630.730.550.580.620.630.380.610.32-0.610.660.570.750.610.540.730.62-0.370.730.62-0.61
0.470.970.650.890.990.880.860.90.960.990.540.950.54-0.190.950.880.890.940.830.910.95-0.550.880.98-0.19
0.570.890.550.890.910.760.830.860.880.90.520.890.53-0.070.830.850.770.870.820.790.88-0.310.770.91-0.07
0.470.950.630.990.910.870.890.870.931.00.470.920.53-0.170.920.850.880.910.80.890.92-0.540.870.98-0.17
0.430.850.730.880.760.870.750.790.840.880.460.830.45-0.570.840.780.970.830.730.980.84-0.771.00.87-0.57
0.190.850.550.860.830.890.750.830.820.90.310.850.7-0.120.790.820.720.790.790.750.83-0.370.740.88-0.12
0.460.970.580.90.860.870.790.830.980.90.510.990.71-0.180.961.00.80.980.990.820.99-0.360.80.95-0.18
0.511.00.620.960.880.930.840.820.980.950.560.990.64-0.190.990.970.861.00.950.881.0-0.440.840.98-0.19
0.460.960.630.990.91.00.880.90.90.950.50.940.56-0.190.940.880.890.930.830.90.94-0.550.880.99-0.19
0.390.560.380.540.520.470.460.310.510.560.50.570.25-0.140.550.530.450.590.510.490.56-0.230.470.49-0.14
0.490.990.610.950.890.920.830.850.990.990.940.570.67-0.180.980.990.840.990.960.861.0-0.420.830.98-0.18
-0.220.640.320.540.530.530.450.70.710.640.560.250.67-0.090.580.730.440.640.760.470.66-0.040.420.63-0.09
-0.13-0.18-0.61-0.19-0.07-0.17-0.57-0.12-0.18-0.19-0.19-0.14-0.18-0.09-0.21-0.19-0.55-0.2-0.18-0.53-0.20.47-0.56-0.191.0
0.520.990.660.950.830.920.840.790.960.990.940.550.980.58-0.210.950.860.990.920.870.99-0.490.850.97-0.21
0.440.970.570.880.850.850.780.821.00.970.880.530.990.73-0.190.950.790.980.990.820.98-0.350.790.94-0.19
0.510.870.750.890.770.880.970.720.80.860.890.450.840.44-0.550.860.790.850.751.00.86-0.680.980.89-0.55
0.520.990.610.940.870.910.830.790.981.00.930.590.990.64-0.20.990.980.850.960.871.0-0.420.830.97-0.2
0.420.940.540.830.820.80.730.790.990.950.830.510.960.76-0.180.920.990.750.960.770.96-0.260.730.9-0.18
0.480.890.730.910.790.890.980.750.820.880.90.490.860.47-0.530.870.821.00.870.770.88-0.680.980.9-0.53
0.51.00.620.950.880.920.840.830.991.00.940.561.00.66-0.20.990.980.861.00.960.88-0.430.840.98-0.2
-0.21-0.47-0.37-0.55-0.31-0.54-0.77-0.37-0.36-0.44-0.55-0.23-0.42-0.040.47-0.49-0.35-0.68-0.42-0.26-0.68-0.43-0.77-0.490.47
0.470.860.730.880.770.871.00.740.80.840.880.470.830.42-0.560.850.790.980.830.730.980.84-0.770.87-0.56
0.480.990.620.980.910.980.870.880.950.980.990.490.980.63-0.190.970.940.890.970.90.90.98-0.490.87-0.19
-0.13-0.18-0.61-0.19-0.07-0.17-0.57-0.12-0.18-0.19-0.19-0.14-0.18-0.091.0-0.21-0.19-0.55-0.2-0.18-0.53-0.20.47-0.56-0.19
Click cells to compare fundamentals

Berry Global Account Relationship Matchups

Berry Global fundamental ratios Accounts

201920202021202220232024 (projected)
Common Stock Shares Outstanding135.1M138.3M132.8M123M141.5M123.8M
Total Assets16.7B17.9B17.0B16.6B19.1B11.1B
Other Current Liab669M3.2B316M2.7B3.1B3.3B
Total Current Liabilities2.2B3.2B2.8B2.7B3.1B1.6B
Other Liab1.3B2.1B1.7B1.0B1.2B901.5M
Accounts Payable1.1B2.0B1.8B1.5B1.8B917.7M
Other Assets91M217M175M125M143.8M93.7M
Long Term Debt10.0B9.4B9.3B9.0B10.3B7.1B
Good Will5.2B5.2B4.8B5.0B5.7B3.4B
Inventory1.3B1.9B1.8B1.6B1.8B1.1B
Other Current Assets330M217M175M205M235.8M173.9M
Total Liab14.6B14.7B13.8B13.4B15.4B9.9B
Intangible Assets2.5B2.2B1.9B1.7B2.0B1.7B
Property Plant Equipment4.6B4.7B4.3B5.2B6.0B3.0B
Short Long Term Debt Total10.7B9.5B9.3B9.0B10.3B7.4B
Total Stockholder Equity2.1B3.2B3.2B3.2B3.7B3.9B
Property Plant And Equipment Net5.1B4.7B4.3B4.6B5.3B3.1B
Net Debt10.0B8.4B7.8B7.8B8.9B6.8B
Retained Earnings1.6B2.3B2.4B2.3B2.7B2.8B
Non Current Assets Total12.9B12.8B11.8B12.1B13.9B8.5B
Non Currrent Assets Other91M115M(865M)(617M)(555.3M)(527.5M)
Net Receivables1.5B1.9B1.8B1.6B1.8B1.1B
Liabilities And Stockholders Equity16.7B17.9B17.0B16.6B19.1B11.5B
Non Current Liabilities Total12.4B11.5B10.9B10.7B12.3B8.6B
Other Stockholder Equity1.0B1.1B1.2B1.2B1.4B763.9M
Property Plant And Equipment Gross5.1B4.7B9.0B9.9B11.4B11.9B
Total Current Assets3.8B5.1B5.2B4.5B5.2B3.0B
Accumulated Other Comprehensive Income(551M)(296M)(403M)(336M)(302.4M)(317.5M)
Short Term Debt75M21M13M10M9M8.6M
Net Tangible Assets(6.2B)(5.6B)(4.3B)(3.5B)(3.1B)(3.3B)
Current Deferred Revenue324M(2.1B)707M(1.5B)(1.4B)(1.3B)
Long Term Debt Total11.3B10.2B9.4B9.2B10.6B7.6B
Capital Surpluse949M1.0B1.1B1.2B1.4B807.1M
Non Current Liabilities Other1.7B1.5B1.7B1.7B1.9B2.0B

Pair Trading with Berry Global

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Berry Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Berry Global will appreciate offsetting losses from the drop in the long position's value.

Moving against Berry Stock

  0.87REYN Reynolds Consumer Financial Report 8th of May 2024 PairCorr
  0.8KRT Karat Packaging Financial Report 8th of May 2024 PairCorr
  0.77BALL Ball Financial Report 2nd of May 2024 PairCorr
  0.74AVY Avery Dennison Corp Financial Report 24th of April 2024 PairCorr
  0.65MGIH Millennium Group IntPairCorr
The ability to find closely correlated positions to Berry Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Berry Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Berry Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Berry Global Group to buy it.
The correlation of Berry Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Berry Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Berry Global Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Berry Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Berry Global Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Berry Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Berry Global Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Berry Global Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Berry Global Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for Berry Stock analysis

When running Berry Global's price analysis, check to measure Berry Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Berry Global is operating at the current time. Most of Berry Global's value examination focuses on studying past and present price action to predict the probability of Berry Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Berry Global's price. Additionally, you may evaluate how the addition of Berry Global to your portfolios can decrease your overall portfolio volatility.
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Fundamental Analysis
View fundamental data based on most recent published financial statements
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Commodity Directory
Find actively traded commodities issued by global exchanges
Is Berry Global's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Berry Global. If investors know Berry will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Berry Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.41)
Dividend Share
1.025
Earnings Share
4.6
Revenue Per Share
105.501
Quarterly Revenue Growth
(0.07)
The market value of Berry Global Group is measured differently than its book value, which is the value of Berry that is recorded on the company's balance sheet. Investors also form their own opinion of Berry Global's value that differs from its market value or its book value, called intrinsic value, which is Berry Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Berry Global's market value can be influenced by many factors that don't directly affect Berry Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Berry Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Berry Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Berry Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.