Ball (BSP:B1LL34) Inventory Turnover : 1.66 (As of Dec. 2023)

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What is Ball Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Ball's Cost of Goods Sold for the three months ended in Dec. 2023 was R$13,249 Mil. Ball's Average Total Inventories for the quarter that ended in Dec. 2023 was R$7,988 Mil. Ball's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ball's Days Inventory for the three months ended in Dec. 2023 was 55.01.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Ball's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.48.

Ball Inventory Turnover Historical Data

The historical data trend for Ball's Inventory Turnover 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.

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Ball Inventory Turnover Chart

Ball Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.43

7.87

7.33

6.21

5.84

Ball Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.38	1.30	1.35	1.59	1.66

Ball Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	55656.828	/ (	(11429.727	+	7638.788)	/	2 )
=	55656.828	/	9534.2575
=	5.84

Ball's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	13249.059	/ (	(8336.526	+	7638.788)	/	2 )
=	13249.059	/	7987.657
=	1.66

Ball (BSP:B1LL34) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Ball's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	7987.657	/	13249.059	*	365 / 4
	=	55.01

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Ball's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	7987.657	/	16674.019
	=	0.48

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Ball Inventory Turnover Related Terms

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Ball (BSP:B1LL34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Ball Corp (BSP:B1LL34) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BALL:USA 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.

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