Ball Corporation (BALL)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 3.22 | 3.76 | 3.73 | 3.77 | 3.19 | 3.08 | 2.71 | 2.47 | 2.49 | 2.71 | 2.77 | 3.10 | 2.94 | 3.59 | 3.73 | 3.93 | 2.56 | 2.23 | 1.31 | 0.43 | |
| Number of days of payables | days | 113.44 | 97.02 | 97.89 | 96.74 | 114.34 | 118.46 | 134.75 | 147.82 | 146.49 | 134.46 | 131.67 | 117.82 | 124.08 | 101.81 | 97.96 | 92.98 | 142.33 | 163.44 | 277.70 | 840.82 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.22
= 113.44
The number of days of payables for Ball Corp. has shown a decreasing trend over the past two years, indicating a potentially more efficient management of its payables. In Q4 2023, the company's payables were 120.60 days, which is lower compared to the previous quarter at 102.89 days. This suggests that the company is taking longer to pay its bills as compared to the previous quarter, but still a significant improvement compared to the same quarter in the previous year at 125.32 days. Overall, the company has managed to reduce its number of days of payables from Q1 2022 to Q4 2023, reflecting potential efforts to improve liquidity or negotiate better payment terms with suppliers.
Peer comparison
Dec 31, 2023