Ball Corporation (BALL)

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