Olin Corporation (OLN)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,540,100 | 6,483,400 | 6,565,300 | 6,624,000 | 6,833,000 | 7,195,400 | 7,845,700 | 8,759,100 | 9,376,200 | 9,829,600 | 9,848,000 | 9,453,200 | 8,910,600 | 8,134,300 | 7,231,800 | 6,251,700 | 5,758,000 | 5,491,000 | 5,630,000 | 5,981,700 |
| Total current assets | US$ in thousands | 2,079,800 | 2,001,700 | 2,058,300 | 1,951,800 | 1,973,200 | 2,101,000 | 2,198,200 | 2,298,200 | 2,156,400 | 2,285,000 | 2,666,500 | 2,438,400 | 2,248,300 | 2,305,300 | 2,218,100 | 2,013,000 | 1,717,100 | 1,672,500 | 1,616,800 | 1,739,300 |
| Total current liabilities | US$ in thousands | 1,632,200 | 1,429,900 | 1,439,300 | 1,416,100 | 1,528,200 | 1,397,300 | 1,395,700 | 1,435,100 | 1,561,400 | 1,618,700 | 1,856,600 | 1,635,100 | 1,682,100 | 1,587,000 | 1,345,700 | 1,218,200 | 1,196,900 | 1,042,100 | 926,300 | 1,565,900 |
| Working capital turnover | 14.61 | 11.34 | 10.61 | 12.37 | 15.36 | 10.23 | 9.78 | 10.15 | 15.76 | 14.75 | 12.16 | 11.77 | 15.74 | 11.32 | 8.29 | 7.87 | 11.07 | 8.71 | 8.15 | 34.50 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,540,100K ÷ ($2,079,800K – $1,632,200K)
= 14.61
The working capital turnover ratio measures how efficiently a company is using its working capital to generate sales revenue. A higher ratio indicates that the company is able to generate more sales with less working capital.
Looking at Olin Corporation's working capital turnover data over the past few years, we can see some fluctuations in the ratio. The ratio was relatively high at 34.50 on March 31, 2020, but then decreased significantly to 8.15 on June 30, 2020. It gradually increased over the following quarters, reaching 15.74 on December 31, 2021.
In the most recent period, the working capital turnover ratio stood at 14.61 on December 31, 2024. This indicates that Olin Corporation was able to generate $14.61 in sales for every dollar of working capital invested during that period.
The fluctuations in the working capital turnover ratio may indicate changes in the company's efficiency in managing its working capital and generating sales. Further analysis and comparison with industry benchmarks would be needed to fully assess Olin Corporation's performance in this area.
Peer comparison
Dec 31, 2024