Ball Corporation (BALL)

Days of sales outstanding (DSO)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Receivables turnover 5.81 5.80 5.32 6.66 6.94
DSO days 62.84 62.89 68.59 54.84 52.59

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.81
= 62.84

Days of Sales Outstanding (DSO) is a financial metric that measures the average number of days it takes for a company to collect payment after making a sale. A lower DSO indicates that the company is able to collect payments more quickly, which is favorable for cash flow and working capital management.

Analyzing Ball Corp.'s DSO over the past five years shows a fluctuating trend. In 2019, the DSO was relatively low at 51.88 days, indicating efficient collection of payments from customers. However, in 2020, there was a notable decrease in DSO to 53.85 days, suggesting a slightly longer collection period compared to the previous year.

In 2021, the DSO increased to 67.66 days, which could signal potential challenges in collecting payments promptly. This was followed by a decrease in 2022 to 61.69 days, indicating an improvement in collections efficiency compared to the previous year.

The most recent data for 2023 shows a DSO of 60.72 days, which is slightly lower than the previous year, suggesting that Ball Corp. may be managing its collections process more effectively.

Overall, while there have been fluctuations in Ball Corp.'s DSO over the past five years, the trend seems to indicate some variability in the company's ability to collect payments efficiently. Further analysis of the underlying reasons for these fluctuations could provide insight into the company's working capital management and customer credit policies.


Peer comparison

Dec 31, 2023

Company name
Symbol
DSO
Ball Corporation
BALL
62.84
Crown Holdings Inc
CCK
54.41
Silgan Holdings Inc
SLGN
37.63