O-I Glass Inc

NYSE OI

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O-I Glass Inc Accounts Payable Turnover Ratio 3 year CAGR for the year ending December 31, 2023: -2.95%

O-I Glass Inc Accounts Payable Turnover Ratio 3 year CAGR is -2.95% for the year ending December 31, 2023, a -149.49% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

O-I Glass Inc Accounts Payable Turnover Ratio for the year ending December 31, 2022 was 5.06, a -3.69% change year over year.
O-I Glass Inc Accounts Payable Turnover Ratio for the year ending December 31, 2021 was 5.25, a -2.88% change year over year.
O-I Glass Inc Accounts Payable Turnover Ratio for the year ending December 31, 2020 was 5.41, a 3.16% change year over year.
O-I Glass Inc Accounts Payable Turnover Ratio for the year ending December 31, 2019 was 5.24, a 0.73% change year over year.

NYSE: OI

O-I Glass Inc

CEO	Mr. Andres Alberto Lopez
IPO Date	Dec. 11, 1991
Location	United States
Headquarters	One Michael Owens Way, Perrysburg, OH, United States, 43551-2999
Employees	23,000
Sector	Consumer Cyclical
Industry	Packaging & containers

Description

O-I Glass, Inc., through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. O-I Glass, Inc. was founded in 1903 and is based in Perrysburg, Ohio.

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