O-I Glass Inc (OI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 67,000 | 805,000 | 332,000 | 353,000 | -251,000 |
| Revenue | US$ in thousands | 6,759,000 | 6,615,000 | 6,138,000 | 6,097,000 | 6,375,000 |
| Operating profit margin | 0.99% | 12.17% | 5.41% | 5.79% | -3.94% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $67,000K ÷ $6,759,000K
= 0.99%
O-I Glass Inc's operating profit margin has shown significant fluctuations over the past five years. In 2019, the company reported a negative operating profit margin of -3.94%, indicating that its operating expenses exceeded its operating income. However, there was a strong rebound in 2020, with the operating profit margin improving to 5.79%.
The following year, in 2021, there was a slight decrease in the operating profit margin to 5.41%. This was followed by a significant drop in 2022 to 12.17%, reflecting a substantial increase in operating income relative to revenue.
However, in 2023, there was a notable decline in the operating profit margin to 0.99%, indicating that the company's operating expenses have increased relative to its operating income. Overall, the trend in O-I Glass Inc's operating profit margin shows volatility and highlights the importance of managing operating expenses effectively to maintain profitability.