O-I Glass Inc (OI)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -103,000 | 380,000 | 560,000 | 702,000 | 584,000 | 614,000 | 468,000 | 334,000 | 149,000 | 77,000 | 320,000 | 101,000 | 248,000 | 307,000 | -596,000 | -430,000 | -401,000 | -441,000 | 254,000 | 239,000 |
| 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 |
| Net profit margin | -1.52% | 5.61% | 8.31% | 10.48% | 8.83% | 9.36% | 7.21% | 5.24% | 2.43% | 1.27% | 5.06% | 1.67% | 4.07% | 4.96% | -10.03% | -6.81% | -6.29% | -6.87% | 3.87% | 3.59% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-103,000K ÷ $6,758,000K
= -1.52%
The net profit margin of O-I Glass Inc fluctuated over the past five years, with a range from -10.03% to 10.48%. Although the company experienced periods of negative net profit margins, it showed improvement in profitability in certain quarters. In recent quarters, the net profit margin has been relatively positive, indicating a better ability to generate profits from its revenue. Overall, O-I Glass Inc should continue to monitor and enhance its operational efficiency and cost controls to sustain and potentially improve its profitability in the future.