Olin Corporation (OLN)

Number of days of payables

		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
Payables turnover		7.96	8.84	9.03	8.94	9.08	8.75	7.78	9.38	8.31	8.13	8.61	9.00	8.77	10.10	10.66	8.69	8.88	9.13	8.96	9.45
Number of days of payables	days	45.84	41.29	40.40	40.83	40.21	41.74	46.92	38.90	43.91	44.91	42.41	40.54	41.61	36.13	34.22	42.00	41.08	39.99	40.72	38.63

December 31, 2023 calculation

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

Based on the provided data on Olin Corp.'s number of days of payables, we observe fluctuations in the payment period to suppliers throughout the quarters. In Q4 2023, the number of days of payables stood at 49.94 days, representing an increase compared to the previous quarter. This indicates that the company took nearly 50 days, on average, to settle its payables during this period.

The trend of days of payables over the past quarters shows variability, with some quarters demonstrating longer payment periods compared to others. In Q2 2022, the number of days of payables peaked at 49.60 days before decreasing in the following quarters.

The fluctuations in the number of days of payables can reflect changes in the company's relationship with its suppliers, cash flow management, and internal payment processes. It is essential for stakeholders to closely monitor this metric to understand Olin Corp.'s payment practices and its impact on working capital management.