Ball Corporation

Key Performance Metrics

  • The review of Net Profit Margin witnessed a stedy trend. The Net Profit Margin improved from 4.67% in 2019 to 5.07% in 2023.
  • The average EBIT Margin for the period under analysis was 8.60%, with 2019 and 2021 performing the worst and best,
  • In the current year, Ball was still able to cover its interest liabilities 2.77 times in the current year- compared to 2019 when it was 2.94 times.
  • The Capital employed stood at 3.49 times in 2023 from 3.81 in 2019, implying a high performance on capital of the business in relation to revenue.

Profitability

  • The revenue of Ball has increased year on year. The revenue increased by 2.7% between 2019 and 2020 and a further 2% increase was recorded between 2020 and 2021. There also occurred an 8.6% decrease between 2022 and 2023 (the current period).
  • Ball’s performance in profitability looks good as the return on capital employed also recorded good performance during the period of analysis.

Liquidity

  • The company’s result in liquidity looks poor, as the current ratio/acid test decreased from 0.88:1/0.65:1 to 0.79:1/0.54:1 in the last year. Which implies that the company does not have enough assets to settle its current liabilities.

Capital Structure

  • Ball is both equity and debt financed.
  • The debt-to-equity (D/E) ratio has been increasing year on year. The gearing position of the company appears to be high as it stood at 403% in the current year.

 

Source: Ball Annual Report

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