O-I Glass Inc (OI)

Activity ratios

Short-term

Turnover ratios

	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
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
Receivables turnover	11.28	8.16	8.92	8.12	10.07	8.84	6.85	6.72	8.70	7.36	6.78	7.08	8.87	7.63	7.40	8.46	9.79	8.56	8.54	8.23
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
Working capital turnover	20.29	12.23	11.05	112.17	12.56	8.17	7.45	13.47	26.89	19.65	7.80	8.61	9.12	8.59	8.88	7.70	15.28	9.02	5.28	5.55

O-I Glass Inc's inventory turnover ratio has shown fluctuation over the past few years, ranging from a low of 5.00 to a high of 7.82. Generally, the company has been able to efficiently manage its inventory, with the ratio consistently above 5. This indicates that O-I Glass is effectively turning its inventory into sales within a reasonable timeframe.

In terms of receivables turnover, the company has experienced variability in its collection efficiency, with the ratio ranging from 6.72 to 11.28. A higher receivables turnover ratio indicates that O-I Glass is collecting its receivables more quickly. The trend seems to show some improvement in receivables management over the years, reaching a peak in December 2024.

The payables turnover ratio for O-I Glass has shown a declining trend from 2019 to 2024, dropping from 6.48 to 5.45. A lower payables turnover ratio suggests that the company is taking longer to pay its suppliers, which could potentially strain its cash flow. O-I Glass may want to focus on optimizing its payables turnover to enhance efficiency in managing its payable obligations.

Lastly, the working capital turnover for O-I Glass has experienced significant fluctuations, with the ratio ranging from 5.28 to 112.17. A higher working capital turnover ratio indicates that the company is efficiently utilizing its working capital to generate revenue. However, the extreme fluctuations in this ratio raise some concerns about the stability and consistency of O-I Glass's working capital management practices.

Overall, while O-I Glass has demonstrated some level of efficiency in managing its inventory and receivables, there are areas, such as payables turnover and working capital turnover, where the company may need to focus on improving its operational efficiency and maintaining financial stability.

Average number of days

		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
Days of inventory on hand (DOH)	days	56.45	63.65	70.49	72.98	63.58	64.93	60.79	60.25	50.04	47.24	46.66	51.10	51.09	51.24	50.34	52.86	53.26	48.78	61.75	62.68
Days of sales outstanding (DSO)	days	32.36	44.70	40.93	44.94	36.24	41.27	53.31	54.34	41.94	49.62	53.80	51.56	41.16	47.84	49.33	43.17	37.29	42.66	42.74	44.35
Number of days of payables	days	66.94	66.20	68.90	70.56	85.31	73.92	77.39	77.10	79.95	69.84	71.65	71.38	75.75	67.34	65.65	63.78	71.32	56.77	56.33	61.36

Based on the provided data for O-I Glass Inc, let's analyze the activity ratios:

1. Days of Inventory on Hand (DOH):
The DOH ratio measures how many days it takes for a company to sell its inventory. O-I Glass Inc's DOH has fluctuated over the periods, ranging from a low of 46.66 days to a high of 72.98 days. A lower DOH generally indicates efficient inventory management, while a higher DOH may suggest slow-moving inventory or potential obsolescence.

2. Days of Sales Outstanding (DSO):
The DSO ratio shows the average number of days it takes for a company to collect its accounts receivable. O-I Glass Inc's DSO has varied between 32.36 days and 54.34 days. A lower DSO is preferable as it signifies a faster collection of receivables, enhancing cash flow and liquidity.

3. Number of Days of Payables:
This ratio represents the number of days it takes for a company to pay its suppliers. O-I Glass Inc's payables days ranged from 56.33 days to 85.31 days. A longer period of payables days suggests that the company takes more time to pay its suppliers, possibly indicating a favorable credit arrangement or cash flow management strategy.

In conclusion, analyzing these activity ratios can provide insights into O-I Glass Inc's efficiency in managing its inventory, collecting receivables, and paying its suppliers. It is important for stakeholders to monitor these ratios over time to assess the company's operational performance and financial health.

Long-term

	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
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
Total asset turnover	0.75	0.69	0.69	0.69	0.70	0.70	0.68	0.71	0.73	0.76	0.73	0.72	0.69	0.69	0.71	0.68	0.69	0.72	0.62	0.66

The Fixed Asset Turnover ratio for O-I Glass Inc has shown fluctuations over the analyzed period, starting at 2.11 in March 2020, reaching a peak of 2.43 in September 2022, and experiencing a decline to 1.96 by December 2024. This ratio measures the company's efficiency in generating sales from its fixed assets, indicating a general effectiveness in utilizing these assets to generate revenue, although a declining trend towards the end of the period may raise some concerns.

On the other hand, the Total Asset Turnover ratio for O-I Glass Inc has remained relatively stable over the same period, hovering around 0.69 to 0.76. This ratio reflects the company's ability to generate sales from its total assets, including both fixed and current assets. The consistency in this ratio suggests that the company has been maintaining a steady level of sales with respect to its asset base.

Overall, while the Fixed Asset Turnover ratio indicates some variability in the efficiency of utilizing fixed assets to generate revenue, the Total Asset Turnover ratio suggests a consistent performance in generating sales from the company's total asset base. Further analysis and comparison with industry benchmarks may provide deeper insights into O-I Glass Inc's long-term activity efficiency.