Olin Corporation (OLN)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	548,100	1,657,800	1,367,200	-1,051,500	-103,400
Revenue	US$ in thousands	6,721,800	9,261,600	8,413,200	5,465,300	5,877,300
Gross profit margin		8.15%	17.90%	16.25%	-19.24%	-1.76%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $548,100K ÷ $6,721,800K
= 8.15%

Olin Corp.'s gross profit margin has exhibited fluctuations over the past five years. The company's gross profit margin decreased from 10.98% in 2019 to 6.66% in 2020, indicating a significant decline in profitability during that period. However, there was a notable recovery in 2021 when the gross profit margin improved to 25.75%, showing a strong rebound in profitability.

In 2022, the gross profit margin slightly decreased to 23.27% compared to the previous year, but it remained relatively high compared to the historical trend. The most recent data for 2023 shows a further decline in the gross profit margin to 17.06%, which suggests a potential decrease in profitability compared to the prior year.

Overall, Olin Corp.'s gross profit margin has experienced variability, reflecting changes in the company's ability to generate revenue after deducting the cost of goods sold. It is important for the company to closely monitor its cost structure and pricing strategies to sustain or improve profitability in the future.