How Did Berry Global Group, Inc.'s (NYSE:BERY) 16% ROE Fare Against The Industry?
How Did Berry Global Group, Inc.'s (NYSE:BERY) 16% ROE Fare Against The Industry?
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. To keep the lesson grounded in practicality, we'll use ROE to better understand Berry Global Group, Inc. (NYSE:BERY).
雖然一些投資者已經熟悉了金融指標（致敬），但本文是爲那些想要學習股東權益回報率（roe）及其重要性的人而寫的。爲了使課堂更加務實，我們將使用roe來更好地了解Berry Global Group, Inc.（紐交所：BERY）。
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
股東權益回報率（roe）是一種關鍵指標，用於評估公司管理層如何有效利用公司資本。更簡單地說，它衡量了公司相對股東權益的盈利能力。
How Do You Calculate Return On Equity?
怎樣計算ROE?
Return on equity can be calculated by using the formula:
股東權益報酬率可以使用以下公式計算：
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
淨資產收益率 = 淨利潤（從持續經營中獲得）÷ 股東權益
So, based on the above formula, the ROE for Berry Global Group is:
因此，根據上述公式，Berry Global Group的roe爲：
16% = US$554m ÷ US$3.4b (Based on the trailing twelve months to June 2024).
16% = 55400萬美元 ÷ 34億美元（基於截至2024年6月的過去十二個月）。
The 'return' is the profit over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.16 in profit.
『回報』是過去十二個月的利潤。概念化的一種方式是，對於每1美元的股東資本，公司賺取了0.16美元的利潤。
Does Berry Global Group Have A Good Return On Equity?
Berry Global Group的淨資產收益率表現如何？
Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. The image below shows that Berry Global Group has an ROE that is roughly in line with the Packaging industry average (15%).
可以說，評估公司ROE的最簡單方法是將其與行業平均水平進行比較。 重要的是，這遠非一種完美的衡量方法，因爲同一行業分類中的公司在很大程度上存在顯著差異。 下圖顯示，Berry Global Group的ROE大致與包裝行業平均水平（15%）相當。
That isn't amazing, but it is respectable. Even if the ROE is respectable when compared to the industry, its worth checking if the firm's ROE is being aided by high debt levels. If true, then it is more an indication of risk than the potential. You can see the 3 risks we have identified for Berry Global Group by visiting our risks dashboard for free on our platform here.
這並不令人驚歎，但也算得上可觀。即使與行業相比的ROE也算得上可觀，但值得檢查公司的ROE是否受到高負債水平的支持。 如果是這樣，那麼這更多是風險的指示而不是潛力。 您可以免費訪問我們平台上的風險特斯拉-儀表來查看我們對Berry Global Group確定的3項風險。
How Does Debt Impact ROE?
債務對ROE的影響是怎樣的？
Virtually all companies need money to invest in the business, to grow profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. In the first and second cases, the ROE will reflect this use of cash for investment in the business. In the latter case, the debt used for growth will improve returns, but won't affect the total equity. That will make the ROE look better than if no debt was used.
幾乎所有公司都需要資金來投資業務以增加利潤。投資所需的現金可以來自前年的利潤（留存收益）、發行新股或借款。在前兩種情況下，ROE將反映出這種用於投資業務的現金使用。在後一種情況下，用於增長的債務將提高回報，但不會影響總資產淨額。這將使ROE看起來比不使用債務要好。
Combining Berry Global Group's Debt And Its 16% Return On Equity
結合berry global group的債務和其16%的淨資產收益率
It's worth noting the high use of debt by Berry Global Group, leading to its debt to equity ratio of 2.60. While its ROE is pretty respectable, the amount of debt the company is carrying currently is not ideal. Investors should think carefully about how a company might perform if it was unable to borrow so easily, because credit markets do change over time.
值得注意的是berry global group使用了大量債務，導致其債務資產比率達到2.60。儘管其淨資產收益率相當可觀，但公司目前攜帶的債務量並不理想。投資者應仔細思考一家公司如果不能輕易借款可能會表現如何，因爲信貸市場的情況隨時都在變化。
Conclusion
結論
Return on equity is useful for comparing the quality of different businesses. In our books, the highest quality companies have high return on equity, despite low debt. All else being equal, a higher ROE is better.
ROE可用於比較不同企業的質量。在我們看來，高ROE且負債率較低的公司是最優質的公司。其他條件相等的情況下，較高的ROE更好。
Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. Profit growth rates, versus the expectations reflected in the price of the stock, are a particularly important to consider. So you might want to take a peek at this data-rich interactive graph of forecasts for the company.
話雖如此，ROE是業務質量的一個有用指標，但你需要考慮一整個區間的因素來確定購買股票的正確價格。 利潤增長率與股票價格所反映的預期相比，尤其重要。因此，您可能想要查看這個數據豐富的公司預測交互式圖表。
Of course Berry Global Group may not be the best stock to buy. So you may wish to see this free collection of other companies that have high ROE and low debt.
當然，berry global group可能不是最好的股票購買選擇。因此，您可能希望查看這些淨資產收益率高、負債低的其他公司的免費集合。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
譯文內容由第三人軟體翻譯。