Ball Corporation (BALL)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 10.93% | 10.20% | 9.85% | 7.11% | 7.05% | 8.45% | 9.07% | 12.38% | 12.96% | 12.23% | 12.17% | 12.68% | 12.77% | 14.04% | 14.62% | 15.04% | 15.51% | 15.35% | 15.41% | 15.41% |
| 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% |
| 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% |
| Net profit margin | 5.22% | 4.41% | 5.61% | 3.04% | 4.78% | 6.31% | 5.03% | 7.94% | 6.44% | 6.21% | 6.96% | 6.40% | 5.06% | 4.28% | 2.96% | 3.82% | 4.62% | 4.59% | 4.33% | 3.61% |
Ball Corp.'s profitability ratios have seen some fluctuations over the past eight quarters. The gross profit margin has shown a slight increase from 16.83% in Q4 2022 to 19.03% in Q4 2023. This indicates that the company has been able to improve its efficiency in producing goods.
The operating profit margin has varied between 8.37% in Q4 2022 to 10.16% in Q4 2023, showing a general upward trend. This suggests that Ball Corp. has been effective in managing its operating expenses and generating profit from its core business activities.
The pretax margin experienced some volatility, ranging from 3.74% in Q1 2023 to 9.37% in Q1 2022. This might reflect fluctuations in the company's non-operating income or expenses.
The net profit margin has demonstrated fluctuations as well, with the lowest point at 2.98% in Q1 2023 and the highest at 7.80% in Q1 2022. This indicates that while Ball Corp. has been profitable, its net income has varied due to factors such as taxes and other non-operating items.
Overall, Ball Corp.'s profitability ratios show a mixed performance over the past eight quarters, with some improvement in gross and operating margins, while pretax and net profit margins have been more volatile. Further analysis would be needed to understand the specific drivers behind these changes in profitability ratios.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 3.66% | 3.05% | 3.95% | 2.24% | 3.61% | 4.79% | 3.57% | 5.37% | 4.45% | 4.01% | 4.54% | 4.24% | 3.21% | 2.83% | 2.00% | 2.63% | 3.05% | 3.26% | 2.90% | 2.47% |
| Return on total capital | 10.75% | 9.14% | 10.75% | 7.60% | 10.60% | 12.69% | 9.45% | 13.23% | 11.07% | 9.58% | 11.44% | 9.90% | 8.67% | 8.64% | 7.43% | 8.57% | 10.04% | 9.25% | 9.58% | 9.06% |
| Return on equity (ROE) | 18.76% | 15.44% | 20.78% | 12.37% | 20.77% | 27.62% | 21.59% | 28.84% | 24.21% | 21.81% | 23.91% | 21.82% | 17.86% | 16.67% | 12.02% | 16.54% | 17.94% | 15.72% | 14.34% | 11.79% |
Ball Corp.'s profitability ratios show a fluctuating trend over the past eight quarters. The Operating Return on Assets (Operating ROA) has been relatively stable, averaging around 6.5% with a slight increase in Q4 2023 to 7.39%. This indicates that the company is generating a consistent return from its operational assets.
The Return on Assets (ROA) has varied more significantly, ranging from a low of 2.24% in Q1 2023 to a high of 4.79% in Q3 2022. Q4 2023 shows an improvement at 3.66%. This metric reveals the overall efficiency in utilizing all assets to generate profit, with recent quarters showing an upward trend.
The Return on Total Capital has also shown fluctuation, with Q3 2022 having the highest return at 11.78% and Q1 2023 the lowest at 9.24%. Q4 2023 saw an increase to 11.72%. This ratio indicates the company's ability to generate profit from both debt and equity capital invested.
The Return on Equity (ROE) has exhibited the most variability, with Q1 2023 seeing a low of 12.37% and Q2 2023 recording the highest at 20.78%. Q4 2023 shows a return of 18.76%. ROE reflects the return to shareholders on their equity investment and demonstrates the company's profitability from the shareholders' perspective.
Overall, while the profitability ratios of Ball Corp. have fluctuated, the company has generally maintained a solid financial performance, with improvements in certain quarters. Investors and analysts should continue to monitor these ratios to assess the company's ongoing profitability and efficiency.