O-I Glass Inc (OI)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 9,669,000 | 9,735,000 | 9,911,000 | 9,425,000 | 9,061,000 | 8,644,000 | 8,873,000 | 8,877,000 | 8,832,000 | 8,766,000 | 8,874,000 | 8,825,000 | 8,882,000 | 8,624,000 | 9,579,000 | 9,504,000 | 9,610,000 | 9,548,000 | 10,723,000 | 10,152,000 |
| Operating ROA | 0.69% | 5.50% | 7.38% | 9.60% | 8.88% | 9.81% | 7.86% | 6.39% | 3.76% | 1.54% | 2.39% | 1.28% | 3.99% | -4.93% | -4.42% | -3.01% | -2.73% | 1.69% | 1.96% | 2.26% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $67,000K ÷ $9,669,000K
= 0.69%
Operating ROA for O-I Glass Inc has shown fluctuating trends over the past few quarters. The ratio peaked at 9.60% in March 2023, indicating that the company generated significant operating income relative to its assets during that period. However, there was a noticeable decline in the following quarters, reaching a low of -4.93% in September 2020, suggesting that the company's operating income was insufficient to cover its asset base during that period.
Overall, the operating ROA seems to have stabilized in recent quarters, with performance hovering around positive values. The company should continue to monitor and improve its operating efficiency to sustain profitability and optimize asset utilization in the future.