Ball Corporation (BALL)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,273,000 | 1,161,000 | 1,359,000 | 931,000 | 1,214,000 | 1,406,000 | 1,121,000 | 1,601,000 | 1,291,000 | 1,207,000 | 1,343,000 | 1,148,000 | 1,003,000 | 913,000 | 737,000 | 866,000 | 932,000 | 924,000 | 994,000 | 930,000 |
| 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 |
| Operating profit margin | 9.39% | 8.41% | 9.57% | 6.29% | 8.06% | 9.23% | 7.54% | 11.30% | 9.48% | 9.27% | 10.74% | 9.64% | 8.67% | 8.13% | 6.58% | 7.61% | 8.14% | 8.02% | 8.67% | 8.02% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,273,000K ÷ $13,557,000K
= 9.39%
The operating profit margin of Ball Corp. has shown fluctuations over the past eight quarters. In Q4 2023, the operating profit margin was 10.16%, which was higher than the previous quarter (Q3 2023) where it stood at 8.96%. Despite this increase, the operating profit margin in Q4 2023 was still slightly lower compared to Q1 2022 and Q2 2022, where it was 8.62% and 8.64% respectively.
Overall, the operating profit margin has been relatively stable within the range of 8.37% to 10.16% over the past two years. This indicates that Ball Corp. has been able to maintain a healthy level of operating profitability despite some fluctuations in individual quarters. It would be beneficial to further analyze the factors contributing to these fluctuations to assess the overall financial performance and efficiency of the company.
Peer comparison
Dec 31, 2023