Ball Corporation (BALL)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.53 | 7.27 | 7.39 | 7.31 | 7.02 | 6.68 | 5.88 | 5.56 | 5.86 | 5.78 | 4.97 | 5.00 | 6.18 | 6.44 | 6.80 | 6.86 | 6.89 | 6.90 | 6.46 | 6.77 | |
| DOH | days | 55.88 | 50.24 | 49.42 | 49.96 | 51.99 | 54.66 | 62.08 | 65.65 | 62.30 | 63.17 | 73.43 | 73.04 | 59.10 | 56.66 | 53.68 | 53.19 | 52.97 | 52.89 | 56.50 | 53.92 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.53
= 55.88
The days of inventory on hand (DOH) for Ball Corporation have shown fluctuations over the period from March 31, 2020, to December 31, 2024. Starting at 53.92 days on March 31, 2020, the DOH increased gradually until June 30, 2021, reaching 53.68 days. There was a significant increase in DOH to 73.04 days by March 31, 2022, and June 30, 2022.
Following this peak, the DOH decreased to 51.99 days by December 31, 2023, gradually dropping from its peak. However, by June 30, 2024, the DOH had increased slightly to 49.42 days.
Overall, the DOH for Ball Corporation has demonstrated variations over the period under review, with both peaks and troughs observed. It is important for the company to effectively manage its inventory levels to ensure efficient operations and optimize working capital utilization.
Peer comparison
Dec 31, 2024