O-I Glass Inc (OI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -106,000 | -103,000 | 584,000 | 149,000 | 249,000 |
| Total assets | US$ in thousands | 8,654,000 | 9,669,000 | 9,061,000 | 8,832,000 | 8,882,000 |
| ROA | -1.22% | -1.07% | 6.45% | 1.69% | 2.80% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-106,000K ÷ $8,654,000K
= -1.22%
O-I Glass Inc's return on assets (ROA) has fluctuated over the past five years. In December 2020, the ROA was 2.80%, indicating that the company generated $2.80 in profit for every $100 of assets it had. However, by December 2021, the ROA decreased to 1.69%, suggesting a decline in profitability relative to its assets.
The following year, in December 2022, O-I Glass Inc's ROA experienced a significant improvement, reaching 6.45%. This sharp increase indicates that the company became more efficient in generating profits from its assets during that period. Unfortunately, the positive trend did not continue, as the ROA dropped to -1.07% in December 2023 and further decreased to -1.22% by December 2024.
The negative ROA figures in the last two years imply that O-I Glass Inc faced challenges in effectively utilizing its assets to generate profits, resulting in a net loss relative to its asset base. Overall, the fluctuating ROA values highlight the company's varying levels of efficiency and profitability in asset utilization over the five-year period.