Ball Corporation (BALL)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -687,000 | -501,000 | -495,000 | -480,000 | 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 | 518,000 | 369,000 | 472,000 |
| Total assets | US$ in thousands | 17,628,000 | 18,824,000 | 18,961,000 | 19,898,000 | 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 |
| ROA | -3.90% | -2.66% | -2.61% | -2.41% | 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% | 3.05% | 2.22% | 2.85% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-687,000K ÷ $17,628,000K
= -3.90%
Based on the data provided, Ball Corporation's Return on Assets (ROA) has fluctuated over the periods analyzed. ROA is a measure of how efficiently a company is using its assets to generate profit.
Ball Corporation's ROA showed an increasing trend from March 2020 to June 2021, peaking at 4.54% in June 2021 before experiencing a slight decline. This indicates that during this period, the company was becoming more efficient in generating profits from its assets.
However, there was a notable decline in ROA in the subsequent quarters, reaching negative values by December 2024. A negative ROA implies that the company is generating losses from its assets rather than profits. This downturn could be attributed to a variety of factors, such as operational challenges, declining revenues, or inefficient asset utilization.
In conclusion, the analysis of Ball Corporation's ROA reveals a period of improving efficiency in asset utilization followed by a significant deterioration in profitability from its assets in more recent quarters. This trend suggests a potential need for the company to address operational issues and enhance its asset management strategies to improve financial performance in the future.
Peer comparison
Dec 31, 2024