O-I Glass Inc (OI)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,609,000 | 1,188,000 | 1,281,000 | 1,121,000 | 1,417,000 | 800,000 | 1,297,000 | 1,147,000 | 720,000 | 465,000 | 404,000 | 220,000 | 297,000 | 39,000 | -155,000 | -8,000 | 467,000 | -103,000 | 527,000 | 778,000 |
| ROE | -6.40% | 31.99% | 43.72% | 62.62% | 41.21% | 76.75% | 36.08% | 29.12% | 20.69% | 16.56% | 79.21% | 45.91% | 83.50% | 787.18% | — | — | -85.87% | — | 48.20% | 30.72% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-103,000K ÷ $1,609,000K
= -6.40%
O-I Glass Inc's Return on Equity (ROE) has shown significant fluctuations over the past several quarters. The ROE was negative at -6.40% for Dec 31, 2023, indicating the company generated a loss relative to its shareholders' equity during that period. However, the ROE improved to 31.99% in Sep 30, 2023, reflecting a more positive performance.
The highest ROE of 787.18% was reported in Sep 30, 2020, which may have been influenced by certain exceptional or one-time factors. Conversely, the ROE of -85.87% in Mar 31, 2020, and the absence of reported data for the last two quarters may indicate challenges or uncertainties within the company during those periods.
Overall, the fluctuations in ROE suggest variations in the company's profitability and efficiency in generating returns for its shareholders. It is important for stakeholders to further analyze the underlying reasons behind these fluctuations to gain a more comprehensive understanding of O-I Glass Inc's financial performance.