Ball Corporation (BALL)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,008,000 | 707,000 | 719,000 | 878,000 | 585,000 |
| Total assets | US$ in thousands | 17,628,000 | 19,303,000 | 19,909,000 | 19,714,000 | 18,252,000 |
| ROA | 22.74% | 3.66% | 3.61% | 4.45% | 3.21% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $4,008,000K ÷ $17,628,000K
= 22.74%
Ball Corporation's return on assets (ROA) has shown fluctuating trends over the past five years. In December 31, 2020, the ROA was 3.21%, indicating that the company generated $0.0321 in profit for every dollar of assets. The following years saw improvements in ROA, with percentages of 4.45% in December 31, 2021, 3.61% in December 31, 2022, and 3.66% in December 31, 2023.
However, there was a significant spike in ROA to 22.74% by December 31, 2024, suggesting a notable increase in the company's profitability relative to its asset base. Such a sharp increase could be attributed to various factors, such as improved operational efficiency, strong revenue growth, effective cost management, or potentially one-time gains.
Overall, while Ball Corporation experienced fluctuations in ROA over the analyzed period, the substantial surge in the latest year indicates a potentially positive development in the company's asset utilization and profitability, which could be a result of strategic initiatives undertaken by the company.
Peer comparison
Dec 31, 2024