O-I Glass Inc (OI)
Receivables 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 |
| Receivables | US$ in thousands | 572,000 | 794,000 | 725,000 | 801,000 | 671,000 | 766,000 | 984,000 | 997,000 | 760,000 | 892,000 | 957,000 | 900,000 | 692,000 | 793,000 | 855,000 | 714,000 | 623,000 | 724,000 | 696,000 | 767,000 |
| 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,452,000K ÷ $572,000K
= 11.28
The receivables turnover ratio for O-I Glass Inc fluctuated over the period under consideration. It started at 8.23 in March 2020, increased to 9.79 by December 2020, then decreased to 7.40 by June 2021. The ratio continued to vary, reaching a low of 6.72 in March 2023 and a high of 11.28 in December 2024. Overall, the trend indicates some volatility in the management of accounts receivable efficiency, with some periods showing better collection of receivables than others. It is essential for the company to monitor this ratio regularly to ensure effective management of its receivables and cash flow.