O-I Glass Inc (OI)
Payables 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 |
| Payables | US$ in thousands | 1,142,000 | 1,092,000 | 1,127,000 | 1,170,000 | 1,437,000 | 1,250,000 | 1,320,000 | 1,304,000 | 1,355,000 | 1,171,000 | 1,190,000 | 1,169,000 | 1,210,000 | 1,062,000 | 1,038,000 | 998,000 | 1,126,000 | 910,000 | 916,000 | 1,025,000 |
| Payables turnover | 5.45 | 5.51 | 5.30 | 5.17 | 4.28 | 4.94 | 4.72 | 4.73 | 4.57 | 5.23 | 5.09 | 5.11 | 4.82 | 5.42 | 5.56 | 5.72 | 5.12 | 6.43 | 6.48 | 5.95 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $6,227,000K ÷ $1,142,000K
= 5.45
O-I Glass Inc's payables turnover has been fluctuating over the past few years. It ranged from a high of 6.48 in June 2020 to a low of 4.28 in December 2023. The payables turnover ratio measures how efficiently a company is managing its payments to suppliers. A higher ratio indicates that the company is paying off its suppliers more quickly.
In general, a decreasing trend in payables turnover may suggest that O-I Glass Inc is taking longer to pay its suppliers, which could indicate potential liquidity issues or a change in the company's payment terms. On the other hand, an increasing trend could indicate that the company is managing its payables more effectively and improving its cash flow position.
It's important to analyze the payables turnover ratio in conjunction with other financial ratios and performance indicators to get a more comprehensive understanding of O-I Glass Inc's financial health and operational efficiency.