Ball Corporation (BALL)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 57.63 | 50.10 | 62.30 | 59.10 | 52.97 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 57.63 | 50.10 | 62.30 | 59.10 | 52.97 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 57.63 + — – —
= 57.63
The cash conversion cycle for Ball Corporation has shown fluctuations over the past five years.
- The cycle was 52.97 days as of December 31, 2020, indicating the company took approximately 53 days to convert its investments in inventory and other resources into cash flow from sales during that period.
- By December 31, 2021, the cycle increased to 59.10 days, suggesting a slight delay in the conversion of resources into cash.
- This trend continued in 2022, with the cycle extending to 62.30 days, reflecting a further slowdown in the cash conversion process.
- However, by December 31, 2023, the cycle decreased to 50.10 days, signaling an improvement in efficiency in converting resources into cash.
- The cycle then increased slightly to 57.63 days by December 31, 2024.
Overall, the fluctuations in the cash conversion cycle indicate varying efficiency levels in managing inventory, accounts receivable, and accounts payable throughout the years, impacting the company's cash flow and working capital management.
Peer comparison
Dec 31, 2024