Olin Corporation (OLN)
Working capital 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 current assets | US$ in thousands | 2,079,800 | 1,973,200 | 2,156,400 | 2,248,300 | 1,717,100 |
| Total current liabilities | US$ in thousands | 1,632,200 | 1,528,200 | 1,561,400 | 1,682,100 | 1,196,900 |
| Working capital turnover | 14.61 | 15.36 | 15.76 | 15.74 | 11.07 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $6,540,100K ÷ ($2,079,800K – $1,632,200K)
= 14.61
The working capital turnover ratio for Olin Corporation has shown a consistently positive trend over the years, reflecting the company's efficiency in utilizing its working capital to generate sales revenue. The ratio has increased from 11.07 in December 2020 to 14.61 in December 2024, indicating that the company is able to turn over its working capital more effectively to support its operations and sales growth. This improvement suggests that Olin Corporation has been managing its working capital efficiently, potentially by reducing excess inventory or optimizing its accounts receivable and accounts payable cycles. The sustained increase in the working capital turnover ratio demonstrates Olin Corporation's ability to generate sales from its working capital investments, which may positively impact its overall financial performance and profitability.
Peer comparison
Dec 31, 2024