O-I Glass Inc (OI)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 49,000 | 521,000 | 718,000 | 891,000 | 761,000 | 800,000 | 654,000 | 523,000 | 316,000 | 260,000 | 501,000 | 189,000 | 336,000 | 388,000 | -525,000 | -314,000 | -284,000 | -343,000 | 362,000 | 342,000 |
| 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 |
| Pretax margin | 0.73% | 7.69% | 10.66% | 13.30% | 11.51% | 12.19% | 10.07% | 8.21% | 5.15% | 4.30% | 7.92% | 3.13% | 5.51% | 6.26% | -8.83% | -4.97% | -4.45% | -5.35% | 5.51% | 5.14% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $49,000K ÷ $6,758,000K
= 0.73%
The pretax margin of O-I Glass Inc has shown fluctuations over the periods covered. The pretax margin is a measure of a company's profitability before taxes relative to its total revenue.
Looking at the trend, we observe that the pretax margin has ranged from negative figures to positive figures. In the recent quarters, the pretax margin has generally been positive, with the highest level recorded at 13.30% in March 2023. This indicates the company's ability to generate profits before accounting for tax expenses.
However, there have been periods of lower profitability, such as in the first quarters of 2020 and 2021, where the pretax margin was negative. This suggests that the company may have faced challenges or incurred significant expenses during those times.
Overall, the pretax margin of O-I Glass Inc fluctuates, but the recent positive trends indicate improved profitability, which is a positive sign for investors and stakeholders.