Ball Corporation (BALL)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 13,557,000 | 13,800,000 | 14,200,000 | 14,813,000 | 15,054,000 | 15,236,000 | 14,868,000 | 14,164,000 | 13,623,000 | 13,021,000 | 12,502,000 | 11,903,000 | 11,567,000 | 11,231,000 | 11,198,000 | 11,382,000 | 11,444,000 | 11,528,000 | 11,466,000 | 11,594,000 |
| Total assets | US$ in thousands | 19,303,000 | 19,932,000 | 20,171,000 | 20,109,000 | 19,909,000 | 20,053,000 | 20,926,000 | 20,926,000 | 19,714,000 | 20,132,000 | 19,146,000 | 17,979,000 | 18,252,000 | 16,972,000 | 16,610,000 | 16,545,000 | 17,360,000 | 16,237,000 | 17,109,000 | 16,923,000 |
| Total asset turnover | 0.70 | 0.69 | 0.70 | 0.74 | 0.76 | 0.76 | 0.71 | 0.68 | 0.69 | 0.65 | 0.65 | 0.66 | 0.63 | 0.66 | 0.67 | 0.69 | 0.66 | 0.71 | 0.67 | 0.69 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $13,557,000K ÷ $19,303,000K
= 0.70
Total asset turnover measures a company's ability to generate sales from its assets. A higher ratio indicates that the company is more efficient in utilizing its assets to generate revenue.
In the case of Ball Corp., the total asset turnover has shown some fluctuations over the past eight quarters. The ratio ranged from a low of 0.69 in Q1 2022 to a high of 0.77 in Q4 2022 and Q3 2022. This suggests that there have been periods of both efficiency and inefficiency in converting assets into sales.
Overall, the average total asset turnover for Ball Corp. during these eight quarters is approximately 0.73. This indicates that, on average, the company generates $0.73 in sales for every $1 of assets it owns. It is important for investors and analysts to monitor changes in the total asset turnover ratio over time to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023