Ball Corporation (BALL)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,769,000 | 3,938,000 | 3,836,000 | 3,639,000 | 3,461,000 | 3,479,000 | 3,465,000 | 3,898,000 | 3,627,000 | 3,704,000 | 3,639,000 | 3,492,000 | 3,275,000 | 2,886,000 | 2,762,000 | 2,630,000 | 2,949,000 | 3,365,000 | 3,460,000 | 3,546,000 |
| ROE | 18.76% | 15.44% | 20.78% | 12.37% | 20.77% | 27.62% | 21.59% | 28.84% | 24.21% | 21.81% | 23.91% | 21.82% | 17.86% | 16.67% | 12.02% | 16.54% | 17.94% | 15.72% | 14.34% | 11.79% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $707,000K ÷ $3,769,000K
= 18.76%
The return on equity (ROE) of Ball Corp. has shown fluctuations over the past eight quarters. In Q4 2023, the ROE stood at 18.76%, which indicates that for every dollar of equity invested by shareholders, the company generated a return of 18.76 cents. This was a slight increase compared to the previous quarter's ROE of 15.44%.
Looking back at the trend over the past year, the ROE has ranged from 12.37% to 28.84%. The highest ROE was recorded in Q1 2022 at 28.84%, which signifies strong profitability and efficient utilization of shareholders' equity. However, there was a notable decline in Q3 2022, with ROE dropping to 21.59%.
Overall, the company's ROE has shown some volatility but generally remains within a reasonable range, indicating that Ball Corp. is effectively generating profit from the equity invested by its shareholders. Further analysis and comparison with industry peers may provide additional insights into the company's performance and financial health.
Peer comparison
Dec 31, 2023