O-I Glass Inc (OI)
Receivables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 6,375,000 | 6,415,000 | 6,565,000 | 6,649,000 |
| Receivables | US$ in thousands | 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 | 621,000 | 968,000 | 1,275,000 | 939,000 |
| Receivables turnover | 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 | 10.27 | 6.63 | 5.15 | 7.08 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,758,000K ÷ $671,000K
= 10.07
The receivables turnover ratio for O-I Glass Inc has fluctuated over the past few years, with values ranging from 5.15 to 10.27. A higher receivables turnover ratio indicates that the company is efficiently collecting its accounts receivables, while a lower ratio may suggest potential issues with collecting payments from customers.
In general, O-I Glass Inc's receivables turnover has shown some variability, with a recent peak of 10.27 in December 2019 and a low of 5.15 in March 2019. The most recent receivables turnover ratio as of December 2023 stands at 10.07, indicating a relatively efficient collection of accounts receivables compared to previous periods.
Analyzing the trend in receivables turnover can provide insights into the company's credit policies, collection efficiency, and overall liquidity. The company should aim to maintain a stable and healthy receivables turnover ratio to ensure a steady cash flow and minimize the risk of bad debts.