Ball Corporation (BALL)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,482,000 | 1,407,000 | 1,399,000 | 1,053,000 | 1,062,000 | 1,287,000 | 1,349,000 | 1,754,000 | 1,765,000 | 1,593,000 | 1,522,000 | 1,509,000 | 1,477,000 | 1,577,000 | 1,637,000 | 1,712,000 | 1,775,000 | 1,769,000 | 1,767,000 | 1,787,000 |
| Revenue (ttm) | US$ in thousands | 13,557,000 | 13,800,000 | 14,200,000 | 14,813,000 | 15,054,000 | 15,236,000 | 14,868,000 | 14,164,000 | 13,623,000 | 13,021,000 | 12,502,000 | 11,903,000 | 11,567,000 | 11,231,000 | 11,198,000 | 11,382,000 | 11,444,000 | 11,528,000 | 11,466,000 | 11,594,000 |
| Gross profit margin | 10.93% | 10.20% | 9.85% | 7.11% | 7.05% | 8.45% | 9.07% | 12.38% | 12.96% | 12.23% | 12.17% | 12.68% | 12.77% | 14.04% | 14.62% | 15.04% | 15.51% | 15.35% | 15.41% | 15.41% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,482,000K ÷ $13,557,000K
= 10.93%
The gross profit margin of Ball Corp. has fluctuated over the past eight quarters, ranging from 16.71% to 19.40%. In Q4 2023, the gross profit margin was 19.03%, which represents an increase from the previous quarter's 17.56%. This implies that the company was able to generate a higher percentage of revenue after accounting for the cost of goods sold.
Comparing the Q4 2023 gross profit margin to the same quarter in the previous year (16.83%), we observe a notable improvement, signaling potentially enhanced operational efficiency or pricing strategy. However, it is important to note that the margins for Q2 and Q3 of 2022 were higher than the latest reported figure.
Overall, while the Q4 2023 gross profit margin indicates a positive trend, it is essential to analyze additional financial ratios and performance metrics to gain a more holistic understanding of Ball Corp.'s financial health and operational effectiveness.
Peer comparison
Dec 31, 2023