O-I Glass Inc (OI)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 67,000 | 535,000 | 731,000 | 905,000 | 805,000 | 848,000 | 697,000 | 567,000 | 332,000 | 135,000 | 212,000 | 113,000 | 354,000 | -425,000 | -423,000 | -286,000 | -262,000 | 161,000 | 210,000 | 229,000 |
| 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 |
| Operating profit margin | 0.99% | 7.90% | 10.85% | 13.51% | 12.17% | 12.92% | 10.73% | 8.90% | 5.41% | 2.23% | 3.35% | 1.87% | 5.81% | -6.86% | -7.12% | -4.53% | -4.11% | 2.51% | 3.20% | 3.44% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $67,000K ÷ $6,758,000K
= 0.99%
O-I Glass Inc's operating profit margin has shown fluctuations over the past few years. The trend indicates that the operating profit margin has generally been improving since the end of 2020. There was a significant increase in the operating profit margin from -7.12% in June 2020 to 10.85% in June 2023. However, there have been some fluctuations within this period.
In the most recent quarter, the operating profit margin stood at 0.99%, which represents a decrease from the previous quarter but is still positive. It is essential for O-I Glass Inc to closely monitor and manage its operating expenses and revenue generation to sustain and improve its operating profit margin in the future.