O-I Glass Inc (OI)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 9,610,000 | 9,548,000 | 10,723,000 | 10,152,000 |
| Total asset turnover | 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 | 0.66 | 0.67 | 0.61 | 0.65 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,758,000K ÷ $9,669,000K
= 0.70
Total asset turnover for O-I Glass Inc has been relatively stable over the past several quarters, ranging between 0.62 and 0.76. The ratio measures the efficiency of the company in generating sales revenue from its total assets. A higher ratio indicates that the company is effectively utilizing its assets to generate sales. O-I Glass Inc's total asset turnover seems to have decreased slightly in the more recent quarters, with a value of around 0.70. This may imply that the company's ability to generate sales from its assets has been somewhat constrained. Further analysis and comparison with industry benchmarks may provide more insights into O-I Glass Inc's asset utilization efficiency.