Ball Corporation (BALL)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,769,000 | 3,461,000 | 3,627,000 | 3,275,000 | 2,949,000 |
| ROE | 18.76% | 20.77% | 24.21% | 17.86% | 19.19% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $707,000K ÷ $3,769,000K
= 18.76%
The return on equity (ROE) for Ball Corp. has shown some fluctuation over the past five years. In 2023, the ROE stands at 18.76%, which is a decrease from the previous year's 20.77%. Despite this decrease, the company's ROE remains above its 2020 level of 17.86%. Comparing to the 2019 ROE of 19.19%, the current ROE is slightly lower.
The declining trend in ROE over the past two years may suggest a decrease in the company's profitability relative to its shareholder equity. This could be due to various factors such as changes in profitability, increased debt levels, or changes in the capital structure.
Overall, while the ROE for Ball Corp. has decreased in 2023, it is important to further analyze the company's financial performance and evaluate the underlying reasons for the changes in ROE to fully understand the implications for the company's financial health and shareholder value.
Peer comparison
Dec 31, 2023