O-I Glass Inc (OI)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,495,000 | 1,523,000 | 1,484,000 | 1,393,000 | 1,213,000 | 1,191,000 | 1,168,000 | 1,149,000 | 1,089,000 | 1,116,000 | 1,091,000 | 948,000 | 972,000 | 984,000 | 1,006,000 | 1,179,000 | 1,209,000 | 1,227,000 | 1,252,000 | 1,262,000 |
| 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 |
| Gross profit margin | 22.12% | 22.48% | 22.03% | 20.80% | 18.34% | 18.15% | 17.99% | 18.03% | 17.74% | 18.45% | 17.25% | 15.70% | 15.94% | 15.89% | 16.92% | 18.68% | 18.96% | 19.13% | 19.07% | 18.98% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,495,000K ÷ $6,758,000K
= 22.12%
The gross profit margin of O-I Glass Inc has shown fluctuations over the past five years, ranging from a low of 15.70% in June 2021 to a high of 22.48% in September 2023. Generally, the company's gross profit margin has been on an upward trend in recent quarters, indicating improved efficiency in managing production costs relative to sales revenue. This trend suggests that O-I Glass Inc has been successful in controlling its cost of goods sold and/or increasing sales prices. However, it is important to note that the gross profit margin can be influenced by various factors such as pricing strategies, product mix, and input costs, and should be analyzed in conjunction with other financial metrics for a comprehensive assessment of the company's financial performance.