Ball Corporation (BALL)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 9,648,000 | 10,063,000 | 10,532,000 | 10,944,000 | 10,946,000 | 11,272,000 | 11,653,000 | 12,182,000 | 12,766,000 | 12,717,000 | 12,293,000 | 11,608,000 | 11,085,000 | 10,552,000 | 10,131,000 | 9,601,000 | 9,323,000 | 9,034,000 | 8,967,000 | 9,165,000 |
| Inventory | US$ in thousands | 1,477,000 | 1,385,000 | 1,426,000 | 1,498,000 | 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 |
| Inventory turnover | 6.53 | 7.27 | 7.39 | 7.31 | 7.02 | 6.68 | 5.88 | 5.56 | 5.86 | 5.78 | 4.97 | 5.00 | 6.18 | 6.44 | 6.80 | 6.86 | 6.89 | 6.90 | 6.46 | 6.77 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $9,648,000K ÷ $1,477,000K
= 6.53
Inventory turnover is a key financial ratio that measures the efficiency with which a company manages its inventory. This ratio indicates how many times during a period (usually a year) the company sells and replaces its inventory.
Based on the provided data for Ball Corporation, the inventory turnover has exhibited some fluctuations over the past few years. The ratio ranged from a low of 4.97 in June 2022 to a high of 7.39 in June 2024.
A higher inventory turnover ratio generally indicates that the company is selling its inventory more quickly, which can be a positive sign of efficiency and strong demand for its products. On the other hand, a lower ratio may suggest slower inventory turnover, potentially indicating overstocking or slowing sales.
In the case of Ball Corporation, the inventory turnover ratio has shown some variability but has generally remained within a moderate range of 4.97 to 7.39. This suggests that the company has been relatively effective in managing its inventory levels and balancing the need to meet customer demand with the risk of holding excess inventory. Further analysis and comparison with industry benchmarks could provide additional insights into the company's inventory management performance.
Peer comparison
Dec 31, 2024
Dec 31, 2024