Ball Corporation (BALL)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 830,000 | 707,000 | 932,000 | 550,000 | 878,000 | 1,110,000 | 857,000 | 1,348,000 | 1,034,000 | 961,000 | 1,098,000 | 897,000 | 684,000 | 571,000 | 381,000 | 492,000 | 600,000 | 567,000 | 642,000 | 579,000 |
| 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 |
| Pretax margin | 6.12% | 5.12% | 6.56% | 3.71% | 5.83% | 7.29% | 5.76% | 9.52% | 7.59% | 7.38% | 8.78% | 7.54% | 5.91% | 5.08% | 3.40% | 4.32% | 5.24% | 4.92% | 5.60% | 4.99% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $830,000K ÷ $13,557,000K
= 6.12%
To analyze Ball Corp.'s pretax margin over the past eight quarters, we consider the following trends:
1. Decrease from Q3 2022 to Q1 2023: The pretax margin showed a decrease from 7.25% in Q3 2022 to 3.74% in Q1 2023. This could indicate potential challenges or inefficiencies affecting the company's profitability during this period.
2. Increase in Q2 2023: There was a notable improvement in the pretax margin in Q2 2023, reaching 6.44%. This increase suggests that the company may have implemented measures to enhance its profitability or experienced improved financial performance during this quarter.
3. Fluctuations in Q4 2022 and Q1 2023: Ball Corp. experienced fluctuations in pretax margin between Q4 2022 (5.80%) and Q1 2023 (3.74%). Such variability could be attributed to seasonal factors, one-time expenses, or changes in the business environment.
4. Comparison with historical data: The pretax margin in Q4 2023 (5.94%) shows a slight increase compared to Q4 2022 (5.80%). However, it remains below the levels observed in Q3 2022 (7.25%) and Q2 2022 (5.75%). This suggests a mixed performance in terms of profitability over the past eight quarters.
In conclusion, while Ball Corp. has demonstrated some fluctuations in pretax margin over the analyzed period, with both improvements and declines, it is essential for investors and stakeholders to monitor the company's future financial performance closely to assess its profitability sustainability and efficiency.
Peer comparison
Dec 31, 2023