Ball (BALL) Days Payable

: 118.91 (As of Dec. 2023)

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Ball's average Accounts Payable for the three months ended in Dec. 2023 was $3,524 Mil. Ball's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,704 Mil. Hence, Ball's Days Payable for the three months ended in Dec. 2023 was 118.91.

The historical rank and industry rank for Ball's Days Payable or its related term are showing as below:

BALL' s Days Payable Range Over the Past 10 Years
Min: 61.83 Med: 119.07 Max: 134.82
Current: 118.96

During the past 13 years, Ball's highest Days Payable was 134.82. The lowest was 61.83. And the median was 119.07.

BALL's Days Payable is ranked better than
86.1% of 367 companies
in the Packaging & Containers industry
Industry Median: 57.52 vs BALL: 118.96

Ball's Days Payable declined from Dec. 2022 (134.16) to Dec. 2023 (118.91). It may suggest that Ball accelerated paying its suppliers.

Ball Days Payable Historical Data

The historical data trend for Ball's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ball Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

123.56

128.53

134.82

130.69

130.72

Ball Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																134.16	128.78	110.78	106.05	118.91

Competitive Comparison

For the Packaging & Containers subindustry, Ball's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ball Days Payable Distribution

For the Packaging & Containers industry and Consumer Cyclical sector, Ball's Days Payable distribution charts can be found below:

* The bar in red indicates where Ball's Days Payable falls into.

Ball Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Ball's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (4383	+	3753)	/	2 )	/	11359	*	365
=	4068					/	11359	*	365
=	130.72

Ball's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3294	+	3753)	/	2 )	/	2704	*	365 / 4
=	3523.5					/	2704	*	365 / 4
=	118.91

Ball Days Payable Related Terms

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Ball (BALL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ball Corp (NYSE:BALL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BL8:Germany

Address

9200 West 108th Circle, Westminster, CO, USA, 80021

Website

https://www.ball.com

Ball is the world's largest metal can manufacturer with market share over 40% in its three main regions (North America, Europe, and South America). The company is focused on increasing capacity amid a wave of new developed-market demand, while also investing in faster-growing emerging-market economies. Ball maintains a small presence in the U.S. defense industry through its aerospace segment. Ball spun-off its glass jar business in 1993 and is now owned by Newell. The company reports four segments—beverage packaging, North and Central America (44% of revenue), beverage packaging, EMEA (25%), beverage packaging, South America (14%), aerospace (14%)—and it generated $15.3 billion in revenue in 2022.

Executives

Ronald J. Lewis	officer: SR VP & COO	C/O COCA-COLA ENTERPRISES, 2500 WINDY RIDGE PARKWAY, NW, 14TH FLOOR, ATLANTA GA 30339
Howard H Yu	officer: E.V.P and C.F.O	250 S. KRAEMER BLVD., BREA CA 92821
Hannah S. Lim	officer: SVP, CLO & CORP SEC	2135 WEST MAPLE ROAD, TROY MI 48084
Deron Goodwin	officer: Vice President & Treasurer	9200 W. 108TH CIRCLE, WESTMINSTER CO 80021
David A Kaufman	officer: President, Ball Aerospace	9200 W. 108TH CIRCLE, WESTMINSTER CO 80021
John A Hayes	officer: VP, CORP STR, MKTG & PROD DEV	C/O BALL CORP, 10 LONGS PEAK DR, BROOMFIELD CO 80021-2510
Daniel William Fisher	officer: Sr VP & COO Global Bev Pkg	2526 SPRUCE MEADOWS DRIVE, BROOMFIELD CO 80023
Cynthia Niekamp	director	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Betty J. Sapp	director	C/O BALL CORPORATION, 10 LONGS PEAK DRIVE, BROOMFIELD CO 80021-2510
Stacey J. Panayiotou	officer: SVP and CHRO	9200 W. 108TH CIRCLE, WESTMINSTER CO 80021
Nate C Carey	officer: Vice President & Controller	10 LONGS PEAK DRIVE, BROOMFIELD CO 80021
Dune Ives	director	9200 W. 108TH CIRCLE, WESTMINSTER CO 80021
Pedro Henrique Mariani	director	10 LONGS PEAK DRIVE, BROOMFIELD CO 80021
Michael J Cave	director	C/O ESTERLINE TECHNOLOGIES CORP, 500 108TH AVE NE, SUITE 1500, BELLEVUE WA 98004
Georgia R Nelson	director	C/O TOWER AUTOMOTIVE INC, 27175 HAGGERTY ROAD, NOVI MI 48377-3626