Ball Corporation (BALL)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 55.88 | 50.24 | 49.42 | 49.96 | 51.99 | 54.66 | 62.08 | 65.65 | 62.30 | 63.17 | 73.43 | 73.04 | 59.10 | 56.66 | 53.68 | 53.19 | 52.97 | 52.89 | 56.50 | 53.92 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 55.88 | 50.24 | 49.42 | 49.96 | 51.99 | 54.66 | 62.08 | 65.65 | 62.30 | 63.17 | 73.43 | 73.04 | 59.10 | 56.66 | 53.68 | 53.19 | 52.97 | 52.89 | 56.50 | 53.92 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 55.88 + — – —
= 55.88
The cash conversion cycle of Ball Corporation has fluctuated over the past few years. Starting from around 53 days in March 2020, it increased slightly by June of the same year, then decreased by September, indicating efficient management of cash, inventory, and receivables. However, by December 2021, the cycle extended to 59 days, suggesting potential delays in the conversion of inventory and receivables into cash.
Subsequently, there was a significant spike in the cash conversion cycle to 73 days by March 2022 and June 2022, reflecting potential challenges in cash flow management and efficiency in working capital utilization.
However, the company managed to reduce the cycle to 49 days by December 2024, indicating improved efficiency in managing its cash, inventory, and receivables. Overall, Ball Corporation should focus on optimizing its working capital processes to ensure a more sustainable and efficient cash conversion cycle in the future.
Peer comparison
Dec 31, 2024