Olin Corporation (OLN)
Receivables 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 |
| Receivables | US$ in thousands | 15,300 | 28,000 | 32,800 | 29,700 | 43,200 | 26,000 | 8,000 | 1,200 | 300 | 3,000 | 62,400 | 13,400 | 15,100 | 22,000 | 17,600 | 19,900 | 760,400 | 849,900 | 848,200 | 808,300 |
| Receivables turnover | 437.57 | 251.33 | 234.69 | 290.30 | 214.09 | 364.65 | 1,184.06 | 7,525.75 | 28,122.33 | 2,635.27 | 112.04 | 449.46 | 367.56 | 240.15 | 308.68 | 291.26 | 7.81 | 7.28 | 9.86 | 12.65 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,694,800K ÷ $15,300K
= 437.57
The receivables turnover ratio for Olin Corp. has been fluctuating over the past eight quarters. In Q4 2023, the receivables turnover ratio was 7.68, showing a decrease compared to the previous quarter. However, it has been generally within a relatively narrow range between 7.53 and 9.69 over this period.
A lower receivables turnover ratio indicates that the company takes longer to collect its accounts receivable, which may raise concerns about its liquidity and efficiency in collecting payments from customers. Conversely, a higher ratio suggests that the company is collecting its receivables more quickly.
It is noteworthy that the receivables turnover ratio decreased from Q1 2023 to Q4 2023, indicating that Olin Corp. took longer to collect its receivables in the most recent quarter. This trend should be further monitored to understand if it is a temporary deviation or a more persistent issue impacting the company's working capital management.
Peer comparison
Dec 31, 2023