O-I Glass Inc (OI)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 6,227,000 | 6,021,000 | 5,970,000 | 6,052,000 | 6,148,000 | 6,172,000 | 6,226,000 | 6,173,000 | 6,186,000 | 6,120,000 | 6,062,000 | 5,978,000 | 5,830,000 | 5,756,000 | 5,771,000 | 5,711,000 | 5,763,000 | 5,851,000 | 5,935,000 | 6,097,000 |
| Inventory | US$ in thousands | 963,000 | 1,050,000 | 1,153,000 | 1,210,000 | 1,071,000 | 1,098,000 | 1,037,000 | 1,019,000 | 848,000 | 792,000 | 775,000 | 837,000 | 816,000 | 808,000 | 796,000 | 827,000 | 841,000 | 782,000 | 1,004,000 | 1,047,000 |
| Inventory turnover | 6.47 | 5.73 | 5.18 | 5.00 | 5.74 | 5.62 | 6.00 | 6.06 | 7.29 | 7.73 | 7.82 | 7.14 | 7.14 | 7.12 | 7.25 | 6.91 | 6.85 | 7.48 | 5.91 | 5.82 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $6,227,000K ÷ $963,000K
= 6.47
O-I Glass Inc's inventory turnover has shown fluctuations over the past few years. The turnover ratio indicates how efficiently the company manages its inventory by measuring the number of times inventory is sold and replaced within a specific period.
From March 31, 2020, to June 30, 2022, the inventory turnover consistently increased from 5.82 to 7.82. This upward trend suggests that the company was selling through its inventory at a faster rate during this period.
However, from September 30, 2022, to December 31, 2024, the inventory turnover fluctuated between 5.62 and 6.47, indicating a stabilizing trend. Despite some variability, the turnover ratio remained within a relatively consistent range, suggesting a steady management of inventory levels.
The decrease in inventory turnover in the last few quarters, from March 31, 2023, to December 31, 2024, could be a sign of inventory management challenges or possibly a slowdown in sales relative to inventory levels.
Overall, while O-I Glass Inc's inventory turnover has shown some variability, the company has generally maintained a healthy level of inventory turnover, indicating effective inventory management practices.