Ball Corporation (BALL)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,795,000 | 14,029,000 | 15,349,000 | 13,811,000 | 11,781,000 |
| Total assets | US$ in thousands | 17,628,000 | 19,303,000 | 19,909,000 | 19,714,000 | 18,252,000 |
| Total asset turnover | 0.67 | 0.73 | 0.77 | 0.70 | 0.65 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,795,000K ÷ $17,628,000K
= 0.67
The total asset turnover ratio for Ball Corporation has shown some fluctuations over the past five years. Starting at 0.65 in December 31, 2020, the ratio increased to 0.70 in December 31, 2021, and continued to rise to 0.77 by December 31, 2022. However, there was a slight decrease to 0.73 in December 31, 2023, followed by a further decline to 0.67 by December 31, 2024.
Overall, the trend indicates that Ball Corporation has been able to generate revenue relative to its total assets, with a general upward trajectory from 2020 to 2022. The dip in 2023 and 2024 may suggest potential challenges in efficiently utilizing its assets to generate sales revenue during those periods. It would be important for the company to analyze the factors contributing to these fluctuations and take necessary steps to optimize asset utilization in the future.
Peer comparison
Dec 31, 2024