Ball Corporation (BALL)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 3.22 | 3.09 | 2.49 | 2.94 | 3.28 | |
| Number of days of payables | days | 113.44 | 118.01 | 146.49 | 124.08 | 111.18 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.22
= 113.44
The analysis of Ball Corp.'s number of days of payables reveals a fluctuating trend over the past five years. In 2023, the number of days of payables decreased to 120.60 days, indicating that the company took fewer days to pay its suppliers compared to the previous year. This may suggest an improvement in the company's liquidity position or more efficient management of its payables.
In 2022, the number of days of payables was 125.32 days, showing a slight increase from the previous year. This could indicate a longer payment period to suppliers compared to 2021.
In 2021, the number of days of payables was 156.70 days, which was significantly higher compared to the prior year. This suggests that the company took a longer time to pay its suppliers in 2021, which could impact its cash flow and relationships with suppliers.
In 2020, the number of days of payables was 134.29 days, showing a decrease from the previous year. This reduction could indicate improved efficiency in managing payables or a change in the company's payment terms with suppliers.
In 2019, the number of days of payables was 124.38 days, showing a slight increase compared to the previous year. This indicates a longer payment period to suppliers in 2019.
Overall, monitoring the number of days of payables can provide insight into Ball Corp.'s management of its working capital and relationships with suppliers. A decreasing trend in this ratio may indicate a more efficient use of cash, while an increasing trend may raise concerns about liquidity or vendor management practices.
Peer comparison
Dec 31, 2023