O-I Glass Inc (OI)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 392,000 | 849,000 | 1,031,000 | 1,132,000 | 1,000,000 | 1,038,000 | 879,000 | 754,000 | 532,000 | 466,000 | 718,000 | 452,000 | 601,000 | 696,000 | -195,000 | -14,000 | 28,000 | -65,000 | 620,000 | 606,000 |
| Long-term debt | US$ in thousands | 4,698,000 | 4,754,000 | 4,778,000 | 4,422,000 | 4,371,000 | 4,280,000 | 4,427,000 | 4,621,000 | 4,753,000 | 4,853,000 | 4,977,000 | 5,168,000 | 4,945,000 | 5,163,000 | 6,103,000 | 6,115,000 | 5,435,000 | 5,512,000 | 6,235,000 | 5,820,000 |
| 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 |
| Return on total capital | 6.22% | 14.29% | 17.02% | 20.42% | 17.28% | 20.43% | 15.36% | 13.07% | 9.72% | 8.76% | 13.34% | 8.39% | 11.47% | 13.38% | -3.28% | -0.23% | 0.47% | -1.20% | 9.17% | 9.18% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $392,000K ÷ ($4,698,000K + $1,609,000K)
= 6.22%
Return on total capital for O-I Glass Inc has fluctuated over the past few quarters, ranging from negative territory to a peak of 20.42%. The highest return was recorded in March 2023, indicating strong efficiency in generating profits relative to the total capital employed. However, the return decreased slightly in the subsequent quarters but remained above double digits, showcasing continued profitability. Despite the variability, O-I Glass Inc has generally maintained a positive return on total capital, reflecting the company's ability to effectively utilize its capital resources to drive earnings.