Ball Corporation (BALL)
Working capital 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 current assets | US$ in thousands | 4,883,000 | 5,408,000 | 5,435,000 | 5,507,000 | 5,489,000 | 5,812,000 | 6,493,000 | 6,306,000 | 5,223,000 | 5,917,000 | 5,029,000 | 4,237,000 | 4,675,000 | 4,025,000 | 4,010,000 | 4,241,000 | 4,884,000 | 3,829,000 | 4,533,000 | 4,399,000 |
| Total current liabilities | US$ in thousands | 6,185,000 | 6,715,000 | 6,926,000 | 7,220,000 | 7,008,000 | 6,189,000 | 6,483,000 | 6,486,000 | 5,953,000 | 6,131,000 | 5,917,000 | 4,984,000 | 4,444,000 | 3,764,000 | 4,126,000 | 4,003,000 | 5,577,000 | 3,773,000 | 4,134,000 | 4,035,000 |
| Working capital turnover | — | — | — | — | — | — | 1,486.80 | — | — | — | — | — | 50.07 | 43.03 | — | 47.82 | — | 205.86 | 28.74 | 31.85 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $13,557,000K ÷ ($4,883,000K – $6,185,000K)
= —
Based on the data provided, it appears that the working capital turnover ratio for Ball Corp. was not available for the most recent quarters of 2023 and also was not reported for the Q4 of 2022 and Q1 of 2023. However, in Q2 2022, the working capital turnover ratio was reported at 1,507.70.
Working capital turnover ratio is calculated by dividing net revenue by average working capital, and a high ratio indicates efficient utilization of working capital to generate sales.
The lack of data for the recent quarters makes it difficult to assess the trend in the company's working capital turnover. Further information would be needed to provide a more comprehensive analysis of Ball Corp.'s working capital management efficiency.
Peer comparison
Dec 31, 2023