Ball Corporation (BALL)
Working capital 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 |
| Total current assets | US$ in thousands | 4,883,000 | 5,489,000 | 5,223,000 | 4,675,000 | 4,884,000 |
| Total current liabilities | US$ in thousands | 6,185,000 | 7,008,000 | 5,953,000 | 4,444,000 | 5,577,000 |
| Working capital turnover | — | — | — | 50.07 | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $13,557,000K ÷ ($4,883,000K – $6,185,000K)
= —
The working capital turnover ratio for Ball Corp. was not calculable in the years ending December 31, 2021 and 2020, as data for either the working capital or net sales was not provided to compute the ratio.
However, for the year ending December 31, 2019, the working capital turnover ratio was calculated to be 51.00 times. This indicates that for every dollar of working capital Ball Corp. had in 2019, it generated $51.00 in net sales. A high working capital turnover ratio suggests that the company efficiently manages its working capital to generate sales.
Without the data for 2021, 2020, and 2022, it is challenging to provide a trend analysis. Additional information for those years is required to assess the company's working capital management effectively over time.
Peer comparison
Dec 31, 2023