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.