Ball Corporation (BALL)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | 6.33 | 7.29 | 5.86 | 6.18 | 6.89 |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | — | — | — | — | 51.00 |
The inventory turnover ratio for Ball Corporation has shown a slight decrease over the past few years, dropping from 6.89 in 2020 to 6.33 in 2024. This indicates that the company is selling its inventory slightly less efficiently compared to previous years.
The receivables turnover ratio, however, is not available for analysis as the data is marked as "N/A" for all years provided. This could suggest that the company may not be effectively managing its accounts receivable or that there might be changes in the way receivables are being reported.
The payables turnover ratio data is also not available, indicating that we cannot assess how quickly the company is paying its suppliers.
In terms of working capital turnover, the data is only available for 2020 showing a turnover of 51.00. The absence of data for the subsequent years prevents a comprehensive analysis of how effectively the company is utilizing its working capital to generate sales.
Overall, based on the limited data available, it appears that there may be some inefficiencies in the management of inventory, receivables, payables, and working capital at Ball Corporation. Further information and data for the subsequent years would be needed to provide a more thorough and accurate analysis of the company's activity ratios.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 57.63 | 50.10 | 62.30 | 59.10 | 52.97 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
To analyze Ball Corporation's activity ratios based on the provided data, we will focus on Days of Inventory on Hand (DOH), Days of Sales Outstanding (DSO), and Number of Days of Payables.
1. Days of Inventory on Hand (DOH):
- The DOH ratio measures how many days, on average, inventory is held before being sold.
- Ball Corporation's inventory holding period has increased over the years from 52.97 days in 2020 to 57.63 days in 2024.
- A higher DOH may indicate slower inventory turnover and potential issues with inventory management or sales.
2. Days of Sales Outstanding (DSO):
- Unfortunately, the data for Days of Sales Outstanding (DSO) is not available, which limits our ability to assess Ball Corporation's efficiency in collecting accounts receivable.
- DSO measures how many days, on average, it takes to collect outstanding receivables.
- A lower DSO is generally preferable as it indicates a faster collection of accounts receivable and improved cash flow.
3. Number of Days of Payables:
- Similar to DSO, the data for the Number of Days of Payables is also not provided, making it challenging to evaluate Ball Corporation's payment practices to suppliers.
- This metric reflects the average number of days a company takes to pay its suppliers.
- A longer number of days of payables may signal favorable payment terms with suppliers, but it could also indicate liquidity concerns or strained supplier relationships.
In conclusion, from the available information, we observe an increasing trend in Ball Corporation's Days of Inventory on Hand, which warrants further investigation into the efficiency of their inventory management practices. However, the absence of data for Days of Sales Outstanding and Number of Days of Payables limits a comprehensive analysis of the company's overall activity ratios. Additional data and context would be necessary to provide a more thorough assessment of Ball Corporation's operational efficiency and financial performance in these areas.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 2.05 | 2.00 | 2.08 |
| Total asset turnover | 0.67 | 0.73 | 0.77 | 0.70 | 0.65 |
Based on the provided data for Ball Corporation's long-term activity ratios, we can analyze the fixed asset turnover and total asset turnover ratios.
1. Fixed Asset Turnover:
- The fixed asset turnover ratio measures the efficiency of a company in generating sales from its fixed assets.
- In 2020, Ball Corporation had a fixed asset turnover of 2.08, indicating that the company generated $2.08 in sales for every dollar invested in fixed assets.
- This ratio slightly decreased to 2.00 in 2021 and then increased to 2.05 in 2022, suggesting fluctuations in the company's ability to utilize its fixed assets efficiently.
- There is no data available for 2023 and 2024, which might be due to changes in reporting or data availability.
2. Total Asset Turnover:
- The total asset turnover ratio measures how efficiently a company uses its total assets to generate revenue.
- In 2020, the total asset turnover for Ball Corporation was 0.65, indicating the company generated $0.65 in sales for every dollar of total assets.
- This ratio improved to 0.70 in 2021 and further increased to 0.77 in 2022, showing that the company was able to generate more revenue with its total assets.
- However, the ratio dropped to 0.73 in 2023 and then to 0.67 in 2024, indicating a potential decrease in efficiency in utilizing total assets to generate sales.
Overall, based on the trends observed in the fixed asset turnover and total asset turnover ratios, Ball Corporation experienced fluctuations in its efficiency in utilizing fixed assets and total assets to generate revenue over the years. These ratios provide valuable insights into the company's operational performance and efficiency in utilizing its assets.