Ball Corporation (BALL)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,801,000 | 12,324,000 | 12,813,000 | 13,401,000 | 13,521,000 | 13,666,000 | 14,046,000 | 14,614,000 | 15,349,000 | 15,475,000 | 15,077,000 | 14,402,000 | 13,811,000 | 13,239,000 | 12,779,000 | 12,121,000 | 11,781,000 | 11,398,000 | 11,258,000 | 11,474,000 |
| Total assets | US$ in thousands | 17,628,000 | 18,824,000 | 18,961,000 | 19,898,000 | 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 |
| 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,801,000K ÷ $17,628,000K
= 0.67
Total asset turnover for Ball Corporation has been fluctuating over the past few years. The ratio indicates how efficiently the company is generating revenue from its assets.
The trend shows a decline from 0.69 in March 31, 2020, to 0.65 in December 31, 2020, which could suggest a decrease in the company's ability to utilize its assets to generate sales. However, there is a slight improvement noted in the subsequent periods, with the ratio increasing to 0.77 by December 31, 2022.
Overall, the ratio has shown variability but has generally remained within a range of 0.65 to 0.77 over the observed period. It is important for the company to continue monitoring and improving its asset turnover to ensure optimal efficiency in asset utilization and revenue generation.
Peer comparison
Dec 31, 2024