Ball Corporation (BALL)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 10.93% | 9.94% | 12.96% | 12.77% | 15.68% |
| Operating profit margin | 9.39% | 8.06% | 9.48% | 8.67% | 8.23% |
| Pretax margin | 6.12% | 5.83% | 7.59% | 5.91% | 5.63% |
| Net profit margin | 5.22% | 4.78% | 6.44% | 5.06% | 5.00% |
The profitability ratios of Ball Corp. show fluctuations over the past five years. The gross profit margin has varied between 16.83% and 20.86%, with a noticeable decrease in 2022 followed by a slight increase in 2023. The operating profit margin has also shown fluctuations, ranging from 8.37% to 10.74%, indicating some volatility in the company's ability to generate profits from its core operations.
The pretax margin has been relatively stable, except for a significant decrease in 2019. It demonstrates the company's ability to control operating expenses and generate profits before taxes. The net profit margin, which reflects the company's profitability after all expenses have been deducted, has varied between 4.68% and 6.36%, with a slight improvement in 2023 compared to the previous year.
Overall, Ball Corp.'s profitability ratios suggest a mixed performance in recent years, with some fluctuations but an overall trend of maintaining reasonable profitability levels. Further analysis of the company's financial and operational performance would be necessary to understand the factors driving these changes in profitability ratios.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 6.59% | 6.10% | 6.55% | 5.50% | 5.37% |
| Return on assets (ROA) | 3.66% | 3.61% | 4.45% | 3.21% | 3.26% |
| Return on total capital | 10.75% | 10.60% | 11.07% | 8.67% | 10.04% |
| Return on equity (ROE) | 18.76% | 20.77% | 24.21% | 17.86% | 19.19% |
Ball Corp's profitability ratios indicate a generally positive trend over the past five years. The Operating return on assets (Operating ROA) has shown stable improvement, increasing from 6.77% in 2019 to 7.39% in 2023. This suggests that the company is efficiently generating profits from its operational assets.
Return on assets (ROA) has also shown a slight upward trend, reaching 3.66% in 2023 compared to 3.26% in 2019. This indicates an improvement in the company's ability to generate profits relative to its total assets.
Return on total capital has consistently increased from 10.91% in 2019 to 11.72% in 2023, reflecting the company's effective utilization of both equity and debt capital to generate profits.
Return on equity (ROE) has shown fluctuations but generally maintained at a healthy level, with a peak of 24.21% in 2021. The decrease in 2023 to 18.76% could be due to various factors such as changes in debt levels or equity structure.
Overall, Ball Corp's profitability ratios demonstrate sound operational efficiency and effective utilization of capital, contributing to the company's ability to generate profits for its shareholders.