Ball (BSP:B1LL34) Gross Margin %

: 20.54% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Ball's Gross Profit for the three months ended in Dec. 2023 was R$3,425 Mil. Ball's Revenue for the three months ended in Dec. 2023 was R$16,674 Mil. Therefore, Ball's Gross Margin % for the quarter that ended in Dec. 2023 was 20.54%.

Warning Sign:

Ball Corp gross margin has been in long-term decline. The average rate of decline per year is -2.1%.

The historical rank and industry rank for Ball's Gross Margin % or its related term are showing as below:

BSP:B1LL34' s Gross Margin % Range Over the Past 10 Years
Min: 16.83 Med: 19.61 Max: 20.86
Current: 19.03

During the past 13 years, the highest Gross Margin % of Ball was 20.86%. The lowest was 16.83%. And the median was 19.61%.

BSP:B1LL34's Gross Margin % is ranked worse than
59.35% of 369 companies
in the Packaging & Containers industry
Industry Median: 21.66 vs BSP:B1LL34: 19.03

Ball had a gross margin of 20.54% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Ball was -2.10% per year.

Ball Gross Margin % Historical Data

The historical data trend for Ball's Gross Margin % 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

Gross Margin %

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19.79

20.86

19.74

16.83

19.03

Ball Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															14.60	18.46	18.23	18.96	20.54

Competitive Comparison

For the Packaging & Containers subindustry, Ball's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % Distribution

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

* The bar in red indicates where Ball's Gross Margin % falls into.

Ball Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

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

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	13082.5	/	68739.294
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(68739.294 - 55656.828)	/	68739.294
	=	19.03 %

Ball's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	3425	/	16674.019
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(16674.019 - 13249.059)	/	16674.019
	=	20.54 %

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 (BSP:B1LL34) Gross Margin % 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

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Ball Gross Margin % 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 » Gross Margin %

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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