Olin Corporation (OLN)
Total 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 |
| Total assets | US$ in thousands | 7,579,100 | 7,713,200 | 8,044,200 | 8,517,700 | 8,270,900 |
| Total asset turnover | 0.86 | 0.89 | 1.17 | 1.05 | 0.70 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,540,100K ÷ $7,579,100K
= 0.86
The total asset turnover ratio measures how efficiently a company utilizes its assets to generate revenue. Analyzing Olin Corporation's total asset turnover over the past five years reveals fluctuations in asset utilization efficiency.
In 2020, the total asset turnover was 0.70, indicating that for every dollar of assets, the company generated $0.70 of revenue. The following year, in 2021, the ratio improved to 1.05, suggesting that Olin Corporation was able to generate more revenue per dollar of assets.
By 2022, the total asset turnover further increased to 1.17, indicating enhanced efficiency in asset utilization. However, in 2023, the ratio dropped to 0.89, signifying a decline in the company's ability to generate revenue from its assets.
The trend continued in 2024, with the total asset turnover ratio decreasing to 0.86, indicating a further decline in asset utilization efficiency. Overall, while there has been fluctuation in Olin Corporation's total asset turnover over the years, it is important for the company to focus on optimizing asset utilization to drive revenue growth and enhance overall financial performance.
Peer comparison
Dec 31, 2024