Ball Corporation (BALL)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 707,000 | 608,000 | 797,000 | 450,000 | 719,000 | 961,000 | 748,000 | 1,124,000 | 878,000 | 808,000 | 870,000 | 762,000 | 585,000 | 481,000 | 332,000 | 435,000 | 529,000 | 529,000 | 496,000 | 418,000 |
| 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 |
| 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $707,000K ÷ $19,303,000K
= 3.66%
Ball Corp.'s return on assets (ROA) has shown fluctuations over the past eight quarters. In Q1 2022, the ROA was at its highest at 5.37%, indicating that the company was generating $5.37 in profit for every $100 of assets. This was followed by a decline in Q2 2022 to 3.57%. However, the ROA increased in Q3 2022 to 4.79%, before declining again in Q4 2022 to 3.61%.
In 2023, the ROA continued to fluctuate, starting with a lower ROA in Q1 2023 at 2.24%. This was followed by an improvement in Q2 2023 to 3.95%, indicating that the company was becoming more efficient in generating profit from its assets. However, the ROA dropped in Q3 2023 to 3.05% before increasing slightly to 3.66% in Q4 2023.
Overall, while Ball Corp.'s ROA has shown variability over the past two years, it is essential for the company to monitor and manage its asset utilization effectively to ensure sustainable profitability and growth.
Peer comparison
Dec 31, 2023