Ball Corporation (BALL)
Working capital 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 current assets | US$ in thousands | 4,841,000 | 5,607,000 | 5,752,000 | 6,524,000 | 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 |
| Total current liabilities | US$ in thousands | 4,847,000 | 5,124,000 | 4,889,000 | 5,384,000 | 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 |
| Working capital turnover | — | 25.52 | 14.85 | 11.76 | — | — | — | — | — | — | 1,507.70 | — | — | — | — | — | 51.00 | 43.67 | — | 48.21 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $11,801,000K ÷ ($4,841,000K – $4,847,000K)
= —
The working capital turnover ratio for Ball Corporation has shown fluctuations over the years. As of December 31, 2020, the ratio was 51.00, indicating that the company was able to turn over its working capital 51 times during that period. This suggests efficient management of working capital and suggests that the company is effectively utilizing its current assets to generate sales revenue.
The ratio dropped significantly to 1,507.70 on June 30, 2022, which may be an outlier or the result of a specific event impacting the company's working capital dynamics. However, without further context, it is difficult to draw definitive conclusions about this spike in the ratio.
Subsequently, the ratio decreased to 11.76 on March 31, 2024, indicating a decline in the efficiency of working capital management compared to previous periods. However, the ratio improved to 25.52 by September 30, 2024, suggesting a better utilization of working capital in generating sales.
Overall, the working capital turnover ratio for Ball Corporation has shown variability, and it would be important to assess the reasons behind these fluctuations to determine the company's effectiveness in managing its working capital efficiently. Further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of the company's performance in this area.
Peer comparison
Dec 31, 2024