O-I Glass Inc (OI)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 39,000 | -275,000 | -136,000 | -86,000 | 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 |
| Total assets | US$ in thousands | 8,654,000 | 9,372,000 | 9,334,000 | 9,409,000 | 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 |
| Operating ROA | 0.45% | -2.93% | -1.46% | -0.91% | 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% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $39,000K ÷ $8,654,000K
= 0.45%
Operating ROA is a key indicator of O-I Glass Inc's efficiency in generating operating profits relative to its total assets. The trend in O-I Glass Inc's Operating ROA from March 2020 to December 2024 shows fluctuations.
Initially, the Operating ROA was negative, indicating inefficiency in generating profits from its assets. However, from December 2020 to September 2023, there was a positive trend with increasing values. This suggests improved profitability relative to the company's asset base during this period.
During the latter part of 2023 and into 2024, the trend reversed, with the Operating ROA decreasing and turning negative again by March 2024. This decline may indicate challenges in effectively utilizing assets to generate operating profits. However, the Operating ROA improved slightly by the end of December 2024, reaching a positive value of 0.45%.
Overall, the analysis suggests that O-I Glass Inc experienced periods of both improvement and decline in operational efficiency as measured by Operating ROA over the period under review. Further evaluation of the company's operational strategies and asset management practices may be necessary to sustain and enhance its profitability in the future.