Ball Corporation (BALL)

Receivables turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue US$ in thousands 13,557,000 15,054,000 13,623,000 11,567,000 11,319,000
Receivables US$ in thousands 2,334,000 2,594,000 2,560,000 1,738,000 1,631,000
Receivables turnover 5.81 5.80 5.32 6.66 6.94

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $13,557,000K ÷ $2,334,000K
= 5.81

The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable. Ball Corp.'s receivables turnover has been relatively stable over the past five years, with values ranging from 5.39 to 7.03.

The trend shows a slight decrease in the receivables turnover ratio from 2020 to 2021, followed by a gradual increase in 2022 and 2023.

A higher receivables turnover ratio indicates that the company is more effectively collecting on its credit sales, whereas a lower ratio may suggest potential issues with collections or extending credit to customers.

Overall, Ball Corp.'s receivables turnover ratio indicates that the company has been managing its accounts receivable efficiently in recent years, with a slight improvement in collection efficiency in the most recent years.


Peer comparison

Dec 31, 2023

Company name
Symbol
Receivables turnover
Ball Corporation
BALL
5.81
Crown Holdings Inc
CCK
6.71
Silgan Holdings Inc
SLGN
9.70