Ball Corporation (BALL)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 19,303,000 | 19,932,000 | 20,171,000 | 20,109,000 | 19,909,000 | 20,053,000 | 20,926,000 | 20,926,000 | 19,714,000 | 20,132,000 | 19,146,000 | 17,979,000 | 18,252,000 | 16,972,000 | 16,610,000 | 16,545,000 | 17,360,000 | 16,237,000 | 17,109,000 | 16,923,000 |
| Operating ROA | 6.59% | 5.82% | 6.74% | 4.63% | 6.10% | 7.01% | 5.36% | 7.65% | 6.55% | 6.00% | 7.01% | 6.39% | 5.50% | 5.38% | 4.44% | 5.23% | 5.37% | 5.69% | 5.81% | 5.50% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,273,000K ÷ $19,303,000K
= 6.59%
To analyze Ball Corp.'s operating return on assets (operating ROA) based on the provided data, we observe fluctuations in the ratio over the eight quarters presented.
The operating ROA for Q4 2023 is 7.39%, showing an increase from the previous quarter's 6.37%. This improvement indicates that Ball Corp. generated more operating income relative to its assets compared to the prior quarter.
The trend in the operating ROA for the past eight quarters demonstrates variability but generally remains within a relatively narrow range. While there are fluctuations, the ratios consistently hover around the 6% to 7% range, reflecting the company's ability to efficiently generate operating income from its assets over time.
The highest operating ROA in the dataset is 7.39% in Q4 2023, while the lowest is 6.24% in Q2 2023. Across the quarters, the operating ROA seems to be relatively stable, with minor fluctuations.
Overall, Ball Corp.'s operating ROA indicates a consistent performance in effectively utilizing its assets to generate operating income. However, monitoring future trends and comparing performance against industry benchmarks can provide further insights into the company's operational efficiency.
Peer comparison
Dec 31, 2023