Ball Corporation (BALL)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,557,000 | 13,800,000 | 14,200,000 | 14,813,000 | 15,054,000 | 15,236,000 | 14,868,000 | 14,164,000 | 13,623,000 | 13,021,000 | 12,502,000 | 11,903,000 | 11,567,000 | 11,231,000 | 11,198,000 | 11,382,000 | 11,444,000 | 11,528,000 | 11,466,000 | 11,594,000 |
| Property, plant and equipment | US$ in thousands | 7,372,000 | 7,255,000 | 7,270,000 | 7,193,000 | 7,042,000 | 6,727,000 | 6,617,000 | 6,670,000 | 6,488,000 | 6,160,000 | 5,905,000 | 5,560,000 | 5,340,000 | 4,888,000 | 4,662,000 | 4,499,000 | 4,470,000 | 4,320,000 | 4,385,000 | 4,360,000 |
| Fixed asset turnover | 1.84 | 1.90 | 1.95 | 2.06 | 2.14 | 2.26 | 2.25 | 2.12 | 2.10 | 2.11 | 2.12 | 2.14 | 2.17 | 2.30 | 2.40 | 2.53 | 2.56 | 2.67 | 2.61 | 2.66 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $13,557,000K ÷ $7,372,000K
= 1.84
The fixed asset turnover ratio for Ball Corp. has been fluctuating over the past eight quarters, ranging from a low of 1.90 in Q4 2023 to a high of 2.30 in Q3 2022. This ratio measures the efficiency with which the company is utilizing its fixed assets to generate sales, with a higher ratio indicating better utilization.
The trend of the fixed asset turnover ratio has been generally positive, showing an improvement from Q4 2023 to Q3 2022, peaking at 2.30 before declining slightly in more recent quarters. This indicates that Ball Corp. has been more effective in generating sales from its fixed assets over this period.
Overall, the fluctuation in the fixed asset turnover ratio suggests that Ball Corp. may have made changes in its asset management strategies or experienced fluctuations in sales volume relative to its investment in fixed assets. Further analysis of the company's financial performance and operational activities would be needed to fully understand the factors driving these fluctuations and their implications for the company's efficiency and profitability.
Peer comparison
Dec 31, 2023