O-I Glass Inc (OI)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,044,000 | 1,067,000 | 1,216,000 | 1,329,000 | 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 |
| 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 |
| Gross profit margin | 16.18% | 16.46% | 18.81% | 20.43% | 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% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,044,000K ÷ $6,452,000K
= 16.18%
The gross profit margin of O-I Glass Inc has displayed fluctuations over the period from March 31, 2020, to December 31, 2024. Starting at 18.68% in March 2020, the margin slightly decreased to 16.92% by June 2020, showing a decline in profitability. This downward trend continued until September 2020, where the gross profit margin reached 15.89%. However, from December 2020 to June 2021, there was a slight recovery observed, with the margin increasing to 17.25%.
Subsequently, there was a further improvement in the gross profit margin, reaching its highest point of 22.48% in September 2023. This significant increase indicates a positive trend in operational efficiency and cost management within the company. However, by December 2024, the margin dropped to 16.18%, signaling potential challenges or changes impacting the company's cost structure or pricing strategy.
In conclusion, the gross profit margin of O-I Glass Inc has shown variability over the evaluated period, reflecting fluctuations in the company's ability to generate profits from its core operations. The management should continue to monitor and analyze these trends to make informed decisions aimed at sustaining profitability and improving financial performance.