O-I Glass Inc (OI)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 356,000 | 37,000 | 166,000 | 249,000 | 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 |
| Long-term debt | US$ in thousands | 4,553,000 | 4,709,000 | 4,648,000 | 4,119,000 | 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 |
| 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 |
| Return on total capital | 6.32% | 0.71% | 3.06% | 4.92% | 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% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $356,000K ÷ ($4,553,000K + $1,079,000K)
= 6.32%
O-I Glass Inc's return on total capital has demonstrated fluctuations over the period from March 31, 2020, to December 31, 2024. The return on total capital was negative in the early part of the period, with values ranging from -0.23% on March 31, 2020, to -3.28% on June 30, 2020.
From September 30, 2020, onwards, the return on total capital turned positive and exhibited an improving trend, reaching a high of 20.43% on September 30, 2022. However, the return on total capital fluctuated thereafter, with values gradually decreasing and even turning negative again by the end of the period, at 6.32% on December 31, 2024.
Overall, the return on total capital for O-I Glass Inc varied significantly during the period under review, reflecting both positive and negative performance trends that may indicate changes in the company's efficiency in generating returns from its total capital. It is essential for investors and stakeholders to monitor these fluctuations to assess the company's operational efficiency and financial performance.