Ball Corporation (BALL)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 707,000 | 719,000 | 878,000 | 585,000 | 566,000 |
| Total assets | US$ in thousands | 19,303,000 | 19,909,000 | 19,714,000 | 18,252,000 | 17,360,000 |
| ROA | 3.66% | 3.61% | 4.45% | 3.21% | 3.26% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $707,000K ÷ $19,303,000K
= 3.66%
From the data provided, we can observe the trend in Ball Corp.'s return on assets (ROA) over the five-year period. The ROA figures for the company have fluctuated during this time frame:
- The ROA was 3.26% in 2019, increased to 3.21% in 2020, further increased to 4.45% in 2021, slightly decreased to 3.61% in 2022, and then increased again to 3.66% in 2023.
Based on this data, we can infer that Ball Corp.'s performance in generating profits from its assets improved significantly in 2021 but was slightly lower in 2022, rebounding slightly in 2023. This suggests varying levels of efficiency in asset utilization by the company over the years.
It is essential for investors and stakeholders to monitor this metric closely to assess how well the company is utilizing its assets to generate profits and to evaluate its overall financial health and operational efficiency.
Peer comparison
Dec 31, 2023