Olin Corporation (OLN)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		7.96	9.08	8.31	8.94	9.17
Number of days of payables	days	45.84	40.21	43.91	40.84	39.79

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.96
= 45.84

Olin Corp.'s number of days of payables has shown fluctuations over the past five years. The company's payables were managed for approximately 49.94 days as of December 31, 2023, indicating that on average, it takes almost 50 days for Olin Corp. to pay its suppliers. This value has increased compared to the prior year, where it stood at 42.50 days as of December 31, 2022.

Looking further back, the number of days of payables was slightly higher in 2021 at 46.76 days compared to 2020 where it was 49.52 days. The lowest number of days of payables in recent history was in 2019, at 43.75 days.

Fluctuations in the number of days of payables can be indicative of changes in Olin Corp.'s payment patterns and supplier relationships. A longer number of days of payables may suggest that the company is taking longer to pay its suppliers, potentially indicating improved cash flow management or negotiating better payment terms. Conversely, a shorter number of days of payables may indicate more prompt payments to suppliers, possibly due to stronger liquidity or operational efficiency.

Overall, analyzing the trend in Olin Corp.'s number of days of payables can provide insights into its working capital management and relationships with suppliers over time.