O-I Glass Inc (OI)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -105,000 | -421,000 | -290,000 | -237,000 | -103,000 | 380,000 | 560,000 | 702,000 | 584,000 | 614,000 | 468,000 | 334,000 | 149,000 | 77,000 | 320,000 | 101,000 | 248,000 | 307,000 | -596,000 | -430,000 |
| 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 |
| ROA | -1.21% | -4.49% | -3.11% | -2.52% | -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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-105,000K ÷ $8,654,000K
= -1.21%
O-I Glass Inc's return on assets (ROA) has shown fluctuating performance over the analyzed periods. The company experienced negative ROA figures between March 2020 and June 2021, indicating that its assets were not generating profits during these periods.
From September 2021 onwards, O-I Glass Inc's ROA turned positive, showing an improving trend. The company's ROA peaked at 7.45% in March 2023, signaling that its assets were generating a substantial return compared to previous periods. However, the ROA declined in the following quarters but remained positive until December 2023 when it dropped to -1.07%.
Throughout 2024, O-I Glass Inc's ROA continued to exhibit negative values, indicating a challenge in effectively utilizing its assets to generate profits. The decreasing trend in ROA from March 2023 to December 2024 raises concerns about the company's operational efficiency and profitability.
Overall, O-I Glass Inc's ROA performance suggests a mix of positive and negative outcomes, highlighting the importance of closely monitoring and managing asset utilization and profitability to ensure sustainable financial performance.