Olin Corporation (OLN)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	521,100	694,000	921,900	1,317,200	1,644,800	1,674,800	1,820,200	1,604,800	1,390,700	1,309,400	51,200	-429,700	-846,200	-926,500	-121,600	-10,000	149,000	276,500	2,363,000	4,203,300
Revenue (ttm)	US$ in thousands	6,694,800	7,037,300	7,697,800	8,622,000	9,248,600	9,480,800	9,472,500	9,030,900	8,436,700	7,905,800	6,991,400	6,022,700	5,550,200	5,283,200	5,432,700	5,796,000	5,940,900	6,188,800	8,361,600	10,222,500
Gross profit margin		7.78%	9.86%	11.98%	15.28%	17.78%	17.67%	19.22%	17.77%	16.48%	16.56%	0.73%	-7.13%	-15.25%	-17.54%	-2.24%	-0.17%	2.51%	4.47%	28.26%	41.12%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $521,100K ÷ $6,694,800K
= 7.78%

Olin Corp.'s gross profit margin has been on a declining trend over the past eight quarters, decreasing from 25.95% in Q1 2022 to 17.06% in Q4 2023. This indicates a consistent erosion in the company's ability to generate profit from its core business operations relative to its revenue. Factors such as pricing pressures, cost inefficiencies, or changes in product mix may be contributing to this downward trajectory. Management should closely monitor the company's cost structure and pricing strategies to address this declining trend and work towards improving its gross profit margin in the future.