O-I Glass Inc (OI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,045,000 | 1,496,000 | 1,213,000 | 1,091,000 | 972,000 |
| Revenue | US$ in thousands | 6,531,000 | 7,105,000 | 6,615,000 | 6,138,000 | 6,097,000 |
| Gross profit margin | 16.00% | 21.06% | 18.34% | 17.77% | 15.94% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,045,000K ÷ $6,531,000K
= 16.00%
Based on the data provided, the gross profit margin of O-I Glass Inc has shown fluctuations over the last five years. The gross profit margin increased from 15.94% as of December 31, 2020, to 21.06% as of December 31, 2023, indicating an improving trend in the company's ability to generate profit from its core business activities.
However, there was a slight decrease in the gross profit margin to 16.00% as of December 31, 2024, which may raise concerns about the company's operational efficiency or changes in its cost structure during that period.
Overall, it is important for stakeholders to closely monitor O-I Glass Inc's gross profit margin to assess its profitability and efficiency in managing costs and pricing strategies.