O-I Glass Inc (OI)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -103,000 | 584,000 | 149,000 | 249,000 | -400,000 |
| Total stockholders’ equity | US$ in thousands | 1,609,000 | 1,417,000 | 720,000 | 297,000 | 467,000 |
| ROE | -6.40% | 41.21% | 20.69% | 83.84% | -85.65% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-103,000K ÷ $1,609,000K
= -6.40%
O-I Glass Inc's return on equity (ROE) has exhibited significant variability over the past five years. In 2023, the ROE stood at -6.40%, indicating a negative return on shareholders' equity. This decline from the previous year's ROE of 41.21% suggests a substantial decrease in the company's profitability and efficiency in generating returns for shareholders.
Comparing the ROE in 2023 to historical data, it is evident that O-I Glass Inc experienced a sharp decrease in return on equity. The ROE in 2022 and 2021 was 41.21% and 20.69%, respectively, reflecting a downward trend in profitability from previous years. However, the company's performance in 2020 stood out with an ROE of 83.84%, indicating a significant increase in profitability and efficiency in that particular year.
Moreover, the ROE in 2019 was notably negative at -85.65%, indicating a drastic downturn in shareholder returns compared to the following years. Overall, the inconsistency in O-I Glass Inc's ROE performance highlights potential challenges and fluctuations in the company's ability to generate returns on equity for its shareholders over the analyzed period.