Ball Corporation (BALL)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | 25.52 | 14.85 | 11.76 | — | — | — | — | — | — | 1,507.70 | — | — | — | — | — | 51.00 | 43.67 | — | 48.21 |
The analysis of Ball Corporation's activity ratios reveals the following insights:
1. Inventory Turnover: The inventory turnover ratio fluctuated throughout the years, ranging from a high of 7.39 in June 2024 to a low of 4.97 in June 2022. Overall, the company managed to maintain a relatively stable inventory turnover rate, indicating efficient management of its inventory.
2. Receivables Turnover: Data for the receivables turnover ratio is not available, which limits our ability to assess how quickly the company is collecting on its receivables.
3. Payables Turnover: Similar to receivables turnover, information on payables turnover is not provided, making it challenging to evaluate the company's payment practices and relationship with creditors.
4. Working Capital Turnover: The working capital turnover metric varied significantly over the years, with a noteworthy spike to 1,507.70 in June 2022. This spike suggests a substantial turnover of working capital during that period, potentially driven by changes in current assets and liabilities. However, the turnover ratios for the subsequent years are not available, making it difficult to draw conclusions about the company's recent working capital management.
In conclusion, while Ball Corporation appears to have effectively managed its inventory, there is limited visibility into its receivables, payables, and recent working capital turnover performance, which could impact a comprehensive assessment of the company's operational efficiency and financial health.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 55.88 | 50.24 | 49.42 | 49.96 | 51.99 | 54.66 | 62.08 | 65.65 | 62.30 | 63.17 | 73.43 | 73.04 | 59.10 | 56.66 | 53.68 | 53.19 | 52.97 | 52.89 | 56.50 | 53.92 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The analysis of Ball Corporation's activity ratios reveals the following trends:
1. Days of Inventory on Hand (DOH):
- The DOH for Ball Corporation has shown fluctuations over the years, ranging from 49.96 days to 73.43 days.
- Inventory turnover appears to have improved in recent quarters, as there has been a decreasing trend in the number of days inventory is held on hand since the peak in March 2022.
- Overall, the company has been managing its inventory efficiently, with a gradual reduction in the DOH metric over the years.
2. Days of Sales Outstanding (DSO):
- Unfortunately, specific data on Days of Sales Outstanding for Ball Corporation is unavailable for the given periods.
- Without information on DSO, it is challenging to assess the efficiency of the company in collecting its accounts receivable in a timely manner.
3. Number of Days of Payables:
- Similar to DSO, data on the Number of Days of Payables is not provided for Ball Corporation during the given periods.
- It is crucial to have information on the payment terms and the number of days the company takes to pay its suppliers to evaluate its payment practices and liquidity management.
In conclusion, while Ball Corporation demonstrates effective inventory management based on the DOH metric, the analysis is limited due to the absence of data on DSO and the Number of Days of Payables. A comprehensive assessment of the company's overall activity efficiency would require additional information on these metrics.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 1.77 | 1.82 | — | 2.05 | 2.15 | 2.27 | 2.02 | 2.00 | 2.01 | 2.03 | 2.04 | — | — | — | — |
| Total asset turnover | 0.67 | 0.65 | 0.68 | 0.67 | 0.70 | 0.69 | 0.70 | 0.73 | 0.77 | 0.77 | 0.72 | 0.69 | 0.70 | 0.66 | 0.67 | 0.67 | 0.65 | 0.67 | 0.68 | 0.69 |
The Fixed Asset Turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. Ball Corporation's Fixed Asset Turnover ratio has been relatively stable, ranging from 1.77 to 2.27 over the past few quarters. This indicates that Ball Corporation is effectively generating sales from its fixed assets.
On the other hand, the Total Asset Turnover ratio indicates how well the company is using all its assets to generate revenue. Ball Corporation's Total Asset Turnover ratio has fluctuated between 0.65 and 0.77 over the same period. The increase in the ratio from 0.65 to 0.77 suggests that Ball Corporation has been improving its efficiency in utilizing all its assets to generate sales.
Overall, the trends in both the Fixed Asset Turnover and Total Asset Turnover ratios for Ball Corporation suggest that the company is effectively managing its assets to generate revenue. However, it is essential to monitor these ratios over time to ensure continued efficiency in asset utilization.