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