Ball Corporation (BALL)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,183,000 | 1,426,000 | 1,267,000 | 1,420,000 | 1,224,000 |
| Total assets | US$ in thousands | 17,628,000 | 19,303,000 | 19,909,000 | 19,714,000 | 18,252,000 |
| Operating ROA | 6.71% | 7.39% | 6.36% | 7.20% | 6.71% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,183,000K ÷ $17,628,000K
= 6.71%
Operating Return on Assets (ROA) is a key financial metric that measures a company's efficiency in generating profits from its assets employed in its operations. The trend analysis of Ball Corporation's Operating ROA over the past five years shows fluctuation.
In December 31, 2020, Ball Corporation had an Operating ROA of 6.71%, which increased to 7.20% by December 31, 2021. However, the ratio decreased to 6.36% by December 31, 2022. This decline was followed by a significant improvement to 7.39% by December 31, 2023, indicating enhanced efficiency in generating profits relative to its assets. By December 31, 2024, the Operating ROA reverted back to 6.71%.
Overall, the fluctuation in Ball Corporation's Operating ROA suggests varying levels of operational efficiency and asset utilization over the years. The company may need to focus on optimizing its asset management strategies to maintain consistent profitability in the future.
Peer comparison
Dec 31, 2024