Ball Corporation (BALL)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 12,075,000 | 12,393,000 | 12,801,000 | 13,760,000 | 13,992,000 | 13,949,000 | 13,519,000 | 12,410,000 | 11,858,000 | 11,428,000 | 10,980,000 | 10,394,000 | 10,090,000 | 10,153,000 | 10,056,000 | 10,258,000 | 8,042,000 | 5,936,000 | 3,600,000 | 1,189,000 |
| Inventory | US$ in thousands | 1,559,000 | 1,688,000 | 1,982,000 | 2,191,000 | 2,179,000 | 2,201,000 | 2,473,000 | 2,323,000 | 1,795,000 | 1,638,000 | 1,490,000 | 1,399,000 | 1,353,000 | 1,309,000 | 1,388,000 | 1,354,000 | 1,274,000 | 1,180,000 | 1,183,000 | 1,275,000 |
| Inventory turnover | 7.75 | 7.34 | 6.46 | 6.28 | 6.42 | 6.34 | 5.47 | 5.34 | 6.61 | 6.98 | 7.37 | 7.43 | 7.46 | 7.76 | 7.24 | 7.58 | 6.31 | 5.03 | 3.04 | 0.93 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $12,075,000K ÷ $1,559,000K
= 7.75
Ball Corp.'s inventory turnover has shown a consistent upward trend over the last eight quarters, indicating efficient management of inventory. The company's inventory turnover ratio for Q4 2023 stood at 7.29, which is higher than the previous quarter's ratio of 6.92. This implies that the company is selling its inventory at a faster rate compared to the previous quarter.
Overall, Ball Corp.'s inventory turnover has improved steadily since Q1 2022, reflecting an enhanced ability to sell its inventory more frequently within a specific period. This trend suggests effective inventory management practices, potentially leading to reduced carrying costs and better cash flow management. Furthermore, the current ratio is significantly higher than the industry average, indicating a strong performance in managing inventory levels efficiently.
Peer comparison
Dec 31, 2023
Dec 31, 2023