O-I Glass Inc (OI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -103,000 | 584,000 | 149,000 | 249,000 | -400,000 |
| Revenue | US$ in thousands | 6,759,000 | 6,615,000 | 6,138,000 | 6,097,000 | 6,375,000 |
| Net profit margin | -1.52% | 8.83% | 2.43% | 4.08% | -6.27% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-103,000K ÷ $6,759,000K
= -1.52%
The net profit margin of O-I Glass Inc has exhibited fluctuating trends over the past five years. In 2023, the company reported a negative net profit margin of -1.52%, indicating that its net profit was less than its total revenue. This could be attributed to higher expenses or lower revenue generation during the year.
In contrast, in 2022, the net profit margin improved significantly to 8.83%, reflecting a substantial increase in profitability compared to the previous year. The company managed to convert a higher percentage of its revenue into net profit, which could be attributed to effective cost management or increased sales.
In 2021, the net profit margin was reported at 2.43%, suggesting a moderate level of profitability. This was followed by a slight increase to 4.08% in 2020, indicating a further improvement in profitability.
However, in 2019, the company reported a negative net profit margin of -6.27%, indicating that expenses exceeded revenue, resulting in a loss for the period.
Overall, the fluctuating trend in O-I Glass Inc's net profit margin highlights the company's performance in terms of generating profits relative to its total revenue, with variations observed across the years.