Olin Corporation (OLN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,540,100 | 6,833,000 | 9,376,200 | 8,910,600 | 5,758,000 |
| Property, plant and equipment | US$ in thousands | — | — | 3,030,100 | 3,286,000 | 3,171,000 |
| Fixed asset turnover | — | — | 3.09 | 2.71 | 1.82 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $6,540,100K ÷ $—K
= —
The fixed asset turnover ratio for Olin Corporation has shown a positive trend over the past few years. In the year ending December 31, 2020, the ratio was 1.82, indicating that for every dollar invested in fixed assets, the company generated $1.82 in revenue. This ratio increased significantly to 2.71 by December 31, 2021, and continued to rise to 3.09 by December 31, 2022. This improvement suggests that Olin Corporation is utilizing its fixed assets more efficiently to generate sales.
However, the data shows that the fixed asset turnover ratio is not available for the years ending December 31, 2023 and December 31, 2024. This missing information may indicate a lack of financial data or changes in the company's reporting structure during those periods.
Overall, the increasing trend in the fixed asset turnover ratio reflects a positive aspect of Olin Corporation's operations, indicating improved efficiency in utilizing fixed assets to drive revenue generation. Investors and stakeholders may view this trend favorably as it suggests an improving operational performance and better asset management by the company.
Peer comparison
Dec 31, 2024