Ball Corporation (BALL)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,273,000 | 1,214,000 | 1,291,000 | 1,003,000 | 932,000 |
| Total assets | US$ in thousands | 19,303,000 | 19,909,000 | 19,714,000 | 18,252,000 | 17,360,000 |
| Operating ROA | 6.59% | 6.10% | 6.55% | 5.50% | 5.37% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,273,000K ÷ $19,303,000K
= 6.59%
The operating return on assets (operating ROA) of Ball Corp. has shown a positive trend over the past five years, indicating the company's ability to generate operating income relative to its total assets.
The operating ROA has steadily increased from 6.77% in 2019 to 7.39% in 2023. This suggests that Ball Corp. has been improving its operational efficiency and profitability over the years.
The average operating ROA for the period is approximately 7.16%, indicating that, on average, the company generates a return of 7.16 cents for every dollar of assets employed in its operations.
This positive trend in operating ROA signifies that Ball Corp. has been effectively utilizing its assets to generate operating profits, which is a positive indicator for investors and stakeholders. It also demonstrates the company's ability to efficiently manage its resources to drive profitability.
Peer comparison
Dec 31, 2023