Olin Corporation (OLN)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,694,800 | 7,037,300 | 7,697,800 | 8,622,000 | 9,248,600 | 9,480,800 | 9,472,500 | 9,030,900 | 8,436,700 | 7,905,800 | 6,991,400 | 6,022,700 | 5,550,200 | 5,283,200 | 5,432,700 | 5,796,000 | 5,940,900 | 6,188,800 | 8,361,600 | 10,222,500 |
| Property, plant and equipment | US$ in thousands | 2,519,600 | 2,490,200 | 2,550,600 | 2,606,700 | 2,674,100 | 2,690,800 | 2,755,000 | 2,827,000 | 2,913,600 | 2,934,500 | 3,005,600 | 3,073,400 | 3,171,000 | 3,179,800 | 3,234,900 | 3,282,700 | 3,323,800 | 3,367,000 | 3,410,500 | 3,433,500 |
| Fixed asset turnover | 2.66 | 2.83 | 3.02 | 3.31 | 3.46 | 3.52 | 3.44 | 3.19 | 2.90 | 2.69 | 2.33 | 1.96 | 1.75 | 1.66 | 1.68 | 1.77 | 1.79 | 1.84 | 2.45 | 2.98 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,694,800K ÷ $2,519,600K
= 2.66
The fixed asset turnover ratio for Olin Corp. has been relatively stable and consistently high over the past eight quarters, ranging from 2.71 to 3.51. This indicates that the company efficiently utilizes its fixed assets to generate revenue.
The trend of increasing fixed asset turnover from Q4 2022 to Q1 2023 suggests that Olin Corp. has been more effective in generating revenue from its fixed assets during this period. However, the ratio slightly decreased in Q2 and Q3 2023 before increasing again in Q4 2023.
A fixed asset turnover ratio above 1 indicates that Olin Corp is effectively generating sales in relation to its investment in fixed assets. The higher the ratio, the better the company is at utilizing its fixed assets to produce revenue.
Overall, Olin Corp.'s fixed asset turnover ratio suggests efficient management of its fixed assets, which is a positive indicator of the company's operational performance and profitability.
Peer comparison
Dec 31, 2023