Olin Corporation (OLN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 712,100 | 1,779,000 | 1,850,800 | -746,700 | 177,800 |
| Revenue | US$ in thousands | 6,721,800 | 9,261,600 | 8,413,200 | 5,465,300 | 5,877,300 |
| Operating profit margin | 10.59% | 19.21% | 22.00% | -13.66% | 3.03% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $712,100K ÷ $6,721,800K
= 10.59%
Olin Corp.'s operating profit margin has displayed significant fluctuations over the past five years. In 2023, the operating profit margin decreased to 11.10% from 19.07% in 2022 and 21.07% in 2021. This decline suggests a decrease in operating efficiency or an increase in operating expenses relative to revenue.
The negative operating profit margin of -0.67% in 2020 indicates that the company's operating expenses exceeded its operating income during that period. However, there was a recovery in 2019 with an operating profit margin of 4.16%.
Overall, the trend in the operating profit margin for Olin Corp. highlights variability in the company's ability to generate profits from its core operations. Further analysis of the company's cost structure and revenue streams may be needed to understand the factors driving these fluctuations in the operating profit margin.
Peer comparison
Dec 31, 2023