O-I Glass Inc (OI)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,452,000 | 6,483,000 | 6,465,000 | 6,506,000 | 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 |
| Property, plant and equipment | US$ in thousands | 3,296,000 | 3,498,000 | 3,465,000 | 3,551,000 | 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 |
| Fixed asset turnover | 1.96 | 1.85 | 1.87 | 1.83 | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,452,000K ÷ $3,296,000K
= 1.96
The fixed asset turnover ratio for O-I Glass Inc has displayed some fluctuations over the analyzed period. The ratio was relatively stable around the 2.00 to 2.30 range from March 2020 to June 2022, indicating that the company was generating around $2.00 to $2.30 in revenue for every dollar invested in fixed assets.
However, starting from September 2022, there has been an upward trend in the fixed asset turnover ratio, reaching a peak of 2.43 by September 2022. This suggests that O-I Glass Inc has become more efficient in utilizing its fixed assets to generate revenue during this period.
Subsequently, the fixed asset turnover ratio began to decline from December 2022 to December 2024, dropping to 1.90 by the end of December 2023. This decline could indicate potential inefficiencies in asset utilization or a decrease in revenue generated per dollar invested in fixed assets.
Overall, while there were fluctuations in the fixed asset turnover ratio for O-I Glass Inc, the company showed periods of improvement in asset utilization efficiency, especially in the latter part of the analyzed period. Monitoring this ratio going forward will be crucial to assess the company's ability to generate revenue from its fixed assets effectively.