Ball Corporation (BALL)
Days of inventory on hand (DOH)
| 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 | |
| DOH | days | 57.63 | 50.10 | 62.30 | 59.10 | 52.97 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.33
= 57.63
The days of inventory on hand (DOH) for Ball Corporation has shown some fluctuations over the past five years. In December 31, 2020, the DOH was recorded at 52.97 days, indicating the average number of days it takes for the company to sell its inventory. By December 31, 2021, the DOH had increased to 59.10 days, suggesting that the company may have been holding onto inventory for a longer period.
In the following year, December 31, 2022, the DOH continued to rise to 62.30 days, reaching its highest point in the period analyzed. This prolonged time frame could signal potential inefficiencies in inventory management or changes in demand patterns.
However, by December 31, 2023, the DOH decreased to 50.10 days, showing an improvement in inventory turnover efficiency. This downward trend may indicate better inventory control or adjustments made by the company to streamline its operations.
In the most recent year, December 31, 2024, the DOH stood at 57.63 days, suggesting a slight increase in the time it takes for Ball Corporation to convert inventory into sales compared to the previous year.
Overall, while there have been fluctuations in the days of inventory on hand for Ball Corporation, it is important for the company to continue monitoring and optimizing its inventory management practices to ensure efficient operations and maximize profitability.
Peer comparison
Dec 31, 2024