O-I Glass Inc (OI)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -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 | -401,000 | -441,000 | 254,000 | 239,000 |
| Total assets | US$ in thousands | 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 | 9,610,000 | 9,548,000 | 10,723,000 | 10,152,000 |
| 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-103,000K ÷ $9,669,000K
= -1.07%
The Return on Assets (ROA) for O-I Glass Inc fluctuated over the past several quarters, ranging from a low of -6.22% in March 2020 to a high of 7.45% in March 2023. The ROA provides insight into the company's ability to generate profits relative to its total assets. The positive ROA values indicate that the company is effectively utilizing its assets to generate profit, with the highest performance seen in March 2023. However, the negative ROA values, such as in March 2020 and December 2019, suggest that the company may have struggled to generate profits from its assets during those periods. Overall, a strong positive trend in ROA is generally considered favorable, indicating efficient asset utilization and profitability. O-I Glass Inc should continue monitoring and improving its ROA to ensure sustainable financial performance.