Berry Price to Sales Ratio vs Inventory Turnover Analysis
BERY Stock | USD 56.56 0.24 0.43% |
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 Price To Sales Ratio 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.
Price To Sales Ratio vs Inventory Turnover
Price to Sales Ratio 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 Price to Sales Ratio account and Inventory Turnover. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Berry Global's Price to Sales Ratio and Inventory Turnover is 0.86. Overlapping area represents the amount of variation of Price to Sales Ratio 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 Price to Sales Ratio 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 Price to Sales Ratio 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 Price to Sales Ratio i.e., Berry Global's Price to Sales Ratio and Inventory Turnover go up and down completely randomly.
Correlation Coefficient | 0.86 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Berry Global Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Berry Global sales, a figure that is much harder to manipulate than other Berry Global Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.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 Over EBITDA 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 Expense | 286M | 306M | 351.9M | 324.9M | Depreciation And Amortization | 820M | 818M | 940.7M | 509.9M |
Berry Global fundamental ratios Correlations
Click cells to compare fundamentals
Berry Global Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Berry Global fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 135.1M | 138.3M | 132.8M | 123M | 141.5M | 123.8M | |
Total Assets | 16.7B | 17.9B | 17.0B | 16.6B | 19.1B | 11.1B | |
Other Current Liab | 669M | 3.2B | 316M | 2.7B | 3.1B | 3.3B | |
Total Current Liabilities | 2.2B | 3.2B | 2.8B | 2.7B | 3.1B | 1.6B | |
Other Liab | 1.3B | 2.1B | 1.7B | 1.0B | 1.2B | 901.5M | |
Accounts Payable | 1.1B | 2.0B | 1.8B | 1.5B | 1.8B | 917.7M | |
Other Assets | 91M | 217M | 175M | 125M | 143.8M | 93.7M | |
Long Term Debt | 10.0B | 9.4B | 9.3B | 9.0B | 10.3B | 7.1B | |
Good Will | 5.2B | 5.2B | 4.8B | 5.0B | 5.7B | 3.4B | |
Inventory | 1.3B | 1.9B | 1.8B | 1.6B | 1.8B | 1.1B | |
Other Current Assets | 330M | 217M | 175M | 205M | 235.8M | 173.9M | |
Total Liab | 14.6B | 14.7B | 13.8B | 13.4B | 15.4B | 9.9B | |
Intangible Assets | 2.5B | 2.2B | 1.9B | 1.7B | 2.0B | 1.7B | |
Property Plant Equipment | 4.6B | 4.7B | 4.3B | 5.2B | 6.0B | 3.0B | |
Short Long Term Debt Total | 10.7B | 9.5B | 9.3B | 9.0B | 10.3B | 7.4B | |
Total Stockholder Equity | 2.1B | 3.2B | 3.2B | 3.2B | 3.7B | 3.9B | |
Property Plant And Equipment Net | 5.1B | 4.7B | 4.3B | 4.6B | 5.3B | 3.1B | |
Net Debt | 10.0B | 8.4B | 7.8B | 7.8B | 8.9B | 6.8B | |
Retained Earnings | 1.6B | 2.3B | 2.4B | 2.3B | 2.7B | 2.8B | |
Non Current Assets Total | 12.9B | 12.8B | 11.8B | 12.1B | 13.9B | 8.5B | |
Non Currrent Assets Other | 91M | 115M | (865M) | (617M) | (555.3M) | (527.5M) | |
Net Receivables | 1.5B | 1.9B | 1.8B | 1.6B | 1.8B | 1.1B | |
Liabilities And Stockholders Equity | 16.7B | 17.9B | 17.0B | 16.6B | 19.1B | 11.5B | |
Non Current Liabilities Total | 12.4B | 11.5B | 10.9B | 10.7B | 12.3B | 8.6B | |
Other Stockholder Equity | 1.0B | 1.1B | 1.2B | 1.2B | 1.4B | 763.9M | |
Property Plant And Equipment Gross | 5.1B | 4.7B | 9.0B | 9.9B | 11.4B | 11.9B | |
Total Current Assets | 3.8B | 5.1B | 5.2B | 4.5B | 5.2B | 3.0B | |
Accumulated Other Comprehensive Income | (551M) | (296M) | (403M) | (336M) | (302.4M) | (317.5M) | |
Short Term Debt | 75M | 21M | 13M | 10M | 9M | 8.6M | |
Net Tangible Assets | (6.2B) | (5.6B) | (4.3B) | (3.5B) | (3.1B) | (3.3B) | |
Current Deferred Revenue | 324M | (2.1B) | 707M | (1.5B) | (1.4B) | (1.3B) | |
Long Term Debt Total | 11.3B | 10.2B | 9.4B | 9.2B | 10.6B | 7.6B | |
Capital Surpluse | 949M | 1.0B | 1.1B | 1.2B | 1.4B | 807.1M | |
Non Current Liabilities Other | 1.7B | 1.5B | 1.7B | 1.7B | 1.9B | 2.0B |
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 together with Berry Stock
0.92 | CCK | Crown Holdings Financial Report 22nd of April 2024 | PairCorr |
Moving against Berry Stock
0.7 | KRT | Karat Packaging Financial Report 8th of May 2024 | PairCorr |
0.69 | BALL | Ball Earnings Call This Week | PairCorr |
0.61 | AVY | Avery Dennison Corp Earnings Call This Week | PairCorr |
0.61 | WRK | WestRock Financial Report 2nd of May 2024 | PairCorr |
0.52 | OI | O I Glass Financial Report 23rd of April 2024 | PairCorr |
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.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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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.
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing |
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.