Ball Corporation (BALL)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,795,000 | 14,029,000 | 15,349,000 | 13,811,000 | 11,781,000 |
| Property, plant and equipment | US$ in thousands | — | — | 7,487,000 | 6,922,000 | 5,653,000 |
| Fixed asset turnover | — | — | 2.05 | 2.00 | 2.08 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $11,795,000K ÷ $—K
= —
The fixed asset turnover ratio for Ball Corporation over the past few years shows a consistent trend of around 2. This ratio indicates that, on average, the company generates $2 in revenue for every $1 invested in fixed assets.
In 2020, the fixed asset turnover was 2.08, indicating that the company efficiently utilized its fixed assets to generate revenue. However, in 2021 and 2022, the ratio decreased slightly to 2.00 and 2.05, respectively, suggesting a slight decrease in efficiency in utilizing fixed assets to generate revenue.
Notably, the ratios for 2023 and 2024 are not available. The absence of data for these years could potentially indicate changes in the company's operations or reporting practices.
Overall, with a fixed asset turnover ratio consistently around 2, Ball Corporation appears to be effectively utilizing its fixed assets to drive revenue generation. Monitoring this ratio over time can provide insights into the company's operational efficiency and asset utilization strategies.
Peer comparison
Dec 31, 2024