Ball Corporation (BALL)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.75 | 7.34 | 6.46 | 6.28 | 6.42 | 6.34 | 5.47 | 5.34 | 6.61 | 6.98 | 7.37 | 7.43 | 7.46 | 7.76 | 7.24 | 7.58 | 6.31 | 5.03 | 3.04 | 0.93 | |
| DOH | days | 47.13 | 49.72 | 56.51 | 58.12 | 56.84 | 57.59 | 66.77 | 68.32 | 55.25 | 52.32 | 49.53 | 49.13 | 48.94 | 47.06 | 50.38 | 48.18 | 57.82 | 72.56 | 119.94 | 391.40 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.75
= 47.13
To analyze Ball Corp.'s days of inventory on hand (DOH) trend, we observe a gradual decline in DOH over the past eight quarters. In Q4 2023, DOH stood at 50.10 days, lower than the 52.73 days in Q3 2023 and continuing the decreasing trend from previous periods. In comparison to Q1 2023 and Q4 2022, the company has shown improvements in managing its inventory levels more efficiently.
Looking back further, the trend becomes more apparent as DOH was notably higher in Q1 and Q2 2022, at 73.04 days and 73.43 days, respectively. This reduction in DOH indicates that Ball Corp. has been able to streamline its inventory management process, potentially leading to lower holding costs and improved working capital efficiency.
Overall, the declining trend in DOH for Ball Corp. suggests that the company is becoming more agile in managing its inventory, potentially contributing to better cash flow management and operational performance. It is essential for the company to sustain this downward trend in DOH to continue reaping the benefits of improved inventory management.
Peer comparison
Dec 31, 2023