O-I Glass Inc (OI)
Total asset 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 |
| Total assets | US$ in thousands | 8,654,000 | 9,372,000 | 9,334,000 | 9,409,000 | 9,669,000 | 9,735,000 | 9,911,000 | 9,425,000 | 9,061,000 | 8,644,000 | 8,873,000 | 8,877,000 | 8,832,000 | 8,766,000 | 8,874,000 | 8,825,000 | 8,882,000 | 8,624,000 | 9,579,000 | 9,504,000 |
| 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,452,000K ÷ $8,654,000K
= 0.75
The total asset turnover of O-I Glass Inc has varied over the past few years, ranging from 0.62 to 0.76. This ratio indicates how efficiently the company is generating sales revenue relative to its total assets. A higher total asset turnover ratio generally signifies better efficiency in asset utilization, as it means the company is generating more revenue per dollar of assets.
In the case of O-I Glass Inc, the total asset turnover has shown some fluctuations but has generally stayed within a relatively narrow range. The company's ability to efficiently utilize its assets to generate sales revenue appears to have improved slightly towards the end of the observed period, with the ratio peaking at 0.76 on September 30, 2022. While fluctuations in the ratio are normal and can be influenced by various factors, ongoing monitoring of this metric can provide insights into the company's operational efficiency and effectiveness in utilizing its asset base.