O-I Glass Inc (OI)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,079,000 | 502,000 | 784,000 | 946,000 | 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 |
| ROE | -9.73% | -83.86% | -36.99% | -25.05% | -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% | — | — |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-105,000K ÷ $1,079,000K
= -9.73%
The return on equity (ROE) for O-I Glass Inc fluctuated significantly over the period from March 31, 2020, to December 31, 2024. The ROE was not available for the first two quarters of 2020 but showed a remarkable increase in the third quarter of 2020, reaching 787.18%. This spike in ROE could indicate that the company was highly profitable relative to its shareholders' equity during that period.
Subsequently, the ROE decreased to 83.50% by the end of 2020 and continued to show fluctuations in the following quarters. The ROE ranged from 16.56% to 76.75% during 2021 and 2022, showing a mix of profitability levels.
However, from the first quarter of 2023 onwards, the ROE started to decline continuously, reaching negative values by the end of 2024. This negative trend in ROE may be a cause for concern as it suggests that the company's profitability in relation to shareholders' equity turned unfavorable.
Overall, the ROE trend for O-I Glass Inc indicates both periods of high profitability and concerning declines, reflecting fluctuations in the company's financial performance and efficiency in generating returns for its equity holders.