Ball's gross profit for the
three
months ended in Dec. 2023 was $699 Mil. Ball's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $2,670 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Ball's gross profit for the
three
months ended in Dec. 2023 was $699 Mil. Ball's Revenue for the
three
months ended in Dec. 2023 was $3,403 Mil. Therefore, Ball's Gross Margin % for the quarter that ended in Dec. 2023 was 20.54%.
Ball had a gross margin of 20.54% for the quarter that ended in Dec. 2023 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Ball was 20.86%. The lowest was 16.83%. And the median was 19.61%.
Warning Sign:
Ball Corp gross margin has been in long-term decline. The average rate of decline per year is -2.1%.
Ball Gross Profit Historical Data
The historical data trend for Ball's Gross Profit 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.
For the Packaging & Containers subindustry, Ball's Gross Profit, along with its competitors' market caps and Gross Profit 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's Gross Profit Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Ball's Gross Profit distribution charts can be found below:
* The bar in red indicates where Ball's Gross Profit falls into.
Ball Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Ball's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,670 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Ball's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Ball (NYSE:BALL) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Ball had a gross margin of 20.54% for the quarter that ended in Dec. 2023 => Competition eroding margins
Ball Gross Profit Related Terms
Thank you for viewing the detailed overview of Ball's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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