Ball Corporation (BALL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,482,000 | 1,497,000 | 1,765,000 | 1,477,000 | 1,775,000 |
| Revenue | US$ in thousands | 13,557,000 | 15,054,000 | 13,623,000 | 11,567,000 | 11,319,000 |
| Gross profit margin | 10.93% | 9.94% | 12.96% | 12.77% | 15.68% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,482,000K ÷ $13,557,000K
= 10.93%
The gross profit margin of Ball Corp. has shown variability over the past five years, with the highest margin recorded in 2020 at 20.86% and the lowest margin in 2022 at 16.83%. In 2023, the gross profit margin increased to 19.03% from the previous year.
The gross profit margin represents the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of the company in managing production costs. A higher gross profit margin typically suggests that the company is effectively controlling its cost of goods sold relative to its revenue.
The fluctuations in Ball Corp.'s gross profit margin may be attributed to various factors such as changes in input costs, pricing strategies, or production efficiencies. It is important for the company to monitor and analyze these changes to ensure sustainable profitability and operational efficiency.
Overall, while the gross profit margin of Ball Corp. has shown some variation in recent years, the company's ability to maintain margins above 19% indicates a generally healthy level of operational performance and cost management.
Peer comparison
Dec 31, 2023