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

Company name
Symbol
Inventory turnover
Ball Corporation
BALL
7.75
Crown Holdings Inc
CCK
6.89
Silgan Holdings Inc
SLGN
5.78