Olin Corporation (OLN)

Cash conversion cycle

		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
Days of inventory on hand (DOH)	days	50.77	56.26	58.24	54.46	45.21	44.19	45.11	44.69	44.98	45.75	38.73	38.44	38.50	35.76	40.68	41.96	43.84	43.26	42.53	43.51
Days of sales outstanding (DSO)	days	0.83	1.45	1.56	1.26	1.70	1.00	0.31	0.05	0.01	0.14	3.26	0.81	0.99	1.52	1.18	1.25	46.72	50.12	37.03	28.86
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
Cash conversion cycle	days	5.76	16.42	19.40	14.89	6.71	3.46	-1.50	5.83	1.08	0.97	-0.41	-1.29	-2.12	1.15	7.64	1.22	49.48	53.40	38.83	33.74

December 31, 2023 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 50.77 + 0.83 – 45.84
= 5.76

The cash conversion cycle of Olin Corp. has shown fluctuations over the past eight quarters. In Q4 2023, the company's cash conversion cycle was at 52.91 days, which decreased from 63.06 days in the previous quarter, indicating an improvement in efficiency in converting resources into cash. Comparing to the same quarter in the previous year, the company managed its cash conversion cycle better as it decreased from 42.96 days in Q4 2022.

Overall, the cash conversion cycle for Olin Corp. has been relatively stable over the past two years, with some quarterly variations. It is important for the company to continue monitoring and managing its cash conversion cycle effectively to ensure optimal utilization of resources and improve its overall financial performance.