O-I Glass Inc (OI)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,758,000 | 6,774,000 | 6,737,000 | 6,697,000 | 6,614,000 | 6,562,000 | 6,493,000 | 6,371,000 | 6,137,000 | 6,050,000 | 6,326,000 | 6,037,000 | 6,098,000 | 6,194,000 | 5,944,000 | 6,313,000 | 6,375,000 | 6,415,000 | 6,565,000 | 6,649,000 |
| Property, plant and equipment | US$ in thousands | 3,555,000 | 3,255,000 | 3,241,000 | 3,062,000 | 2,962,000 | 2,698,000 | 2,758,000 | 2,833,000 | 2,817,000 | 2,785,000 | 2,842,000 | 2,791,000 | 2,907,000 | 2,675,000 | 2,976,000 | 2,987,000 | 3,273,000 | 3,104,000 | 3,216,000 | 3,074,000 |
| Fixed asset turnover | 1.90 | 2.08 | 2.08 | 2.19 | 2.23 | 2.43 | 2.35 | 2.25 | 2.18 | 2.17 | 2.23 | 2.16 | 2.10 | 2.32 | 2.00 | 2.11 | 1.95 | 2.07 | 2.04 | 2.16 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,758,000K ÷ $3,555,000K
= 1.90
O-I Glass Inc's fixed asset turnover ratio has shown fluctuations over the past few years, ranging from a low of 1.95 to a high of 2.43. The ratio measures how efficiently the company is generating revenues from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is utilizing its fixed assets more efficiently to generate sales.
From the data provided, it can be seen that the fixed asset turnover ratio has generally been above 2, indicating that O-I Glass Inc has been effectively utilizing its fixed assets to generate sales. The slight fluctuations in the ratio suggest that there may have been some variations in the company's operational efficiency over the period analyzed.
Overall, O-I Glass Inc's fixed asset turnover ratios demonstrate a relatively consistent performance in efficiently generating revenues from its investment in fixed assets, with the ratio consistently above 2 in most periods.