O-I Glass Inc (OI)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 22.12% | 22.48% | 22.03% | 20.80% | 18.34% | 18.15% | 17.99% | 18.03% | 17.74% | 18.45% | 17.25% | 15.70% | 15.94% | 15.89% | 16.92% | 18.68% | 18.96% | 19.13% | 19.07% | 18.98% |
| 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% |
| 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% |
| Net profit margin | -1.52% | 5.61% | 8.31% | 10.48% | 8.83% | 9.36% | 7.21% | 5.24% | 2.43% | 1.27% | 5.06% | 1.67% | 4.07% | 4.96% | -10.03% | -6.81% | -6.29% | -6.87% | 3.87% | 3.59% |
O-I Glass Inc's profitability ratios exhibit varying trends over the past few quarters. The gross profit margin has shown a consistent improvement, increasing from 18.98% in December 2019 to 22.12% in December 2023. This indicates the company's ability to generate more profit from its sales after accounting for the cost of goods sold.
In terms of operating profit margin, there has been fluctuation with both positive and negative margins seen across the periods. The highest operating profit margin was recorded in March 2023 at 13.51%, while the lowest was in June 2020 at -7.12%. This suggests some volatility in the company's ability to control its operating expenses relative to its revenue.
The pretax margin has also displayed variability, with the highest margin seen in June 2023 at 10.66% and the lowest in June 2020 at -8.83%. This ratio reflects the company's ability to manage its expenses and taxes in relation to its total revenue.
The net profit margin has similarly fluctuated, with the highest margin observed in June 2023 at 10.48% and the lowest in June 2020 at -10.03%. This ratio demonstrates the company's overall profitability after all expenses, including interest and taxes, have been deducted from revenue.
Overall, while O-I Glass Inc has shown an improvement in gross profit margin, the fluctuating trends in operating, pretax, and net profit margins indicate some challenges in controlling expenses and achieving consistent profitability over the analyzed periods.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | -1.07% | 3.90% | 5.65% | 7.45% | 6.45% | 7.10% | 5.27% | 3.76% | 1.69% | 0.88% | 3.61% | 1.14% | 2.79% | 3.56% | -6.22% | -4.52% | -4.17% | -4.62% | 2.37% | 2.35% |
| Return on total capital | 6.22% | 14.29% | 17.02% | 20.42% | 17.28% | 20.43% | 15.36% | 13.07% | 9.72% | 8.76% | 13.34% | 8.39% | 11.47% | 13.38% | -3.28% | -0.23% | 0.47% | -1.20% | 9.17% | 9.18% |
| Return on equity (ROE) | -6.40% | 31.99% | 43.72% | 62.62% | 41.21% | 76.75% | 36.08% | 29.12% | 20.69% | 16.56% | 79.21% | 45.91% | 83.50% | 787.18% | — | — | -85.87% | — | 48.20% | 30.72% |
Based on the profitability ratios of O-I Glass Inc over the past quarters:
1. Operating Return on Assets (Operating ROA) has shown volatility but generally positive performance. It ranged from 0.69% to 9.60%, indicating the company's ability to generate operating profits from its assets has varied.
2. Return on Assets (ROA) also fluctuated but tended to be positive, ranging from -1.07% to 7.45%. This ratio reflects the company's overall profitability in relation to its total assets.
3. Return on Total Capital has shown significant variability, ranging from -3.28% to 20.42%, with higher values in recent quarters indicating better capital returns compared to earlier periods.
4. Return on Equity (ROE) displayed the most extreme fluctuations, with values ranging from -85.87% to 787.18%. This ratio reflects the profitability of the company in generating returns for its shareholders.
Overall, while the company has experienced fluctuations in profitability ratios, there are signs of improvement in recent periods, especially in Return on Total Capital and Return on Equity, indicating potential enhancements in efficiency and performance.