Olin Corporation (OLN)

Operating 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
Operating income (ttm)	US$ in thousands	712,100	886,700	1,114,200	1,462,900	1,779,000	2,031,000	2,186,500	2,016,100	1,850,800	1,405,600	172,800	-318,000	-746,700	-876,400	-89,200	35,100	177,800	353,900	565,000	687,200
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
Operating profit margin		10.64%	12.60%	14.47%	16.97%	19.24%	21.42%	23.08%	22.32%	21.94%	17.78%	2.47%	-5.28%	-13.45%	-16.59%	-1.64%	0.61%	2.99%	5.72%	6.76%	6.72%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $712,100K ÷ $6,694,800K
= 10.64%

Olin Corp.'s operating profit margin has shown a declining trend over the past eight quarters. The operating profit margin was 11.10% in Q4 2023, a decrease from the previous quarter's margin of 13.38% in Q3 2023. This marks the fourth consecutive quarter of declining operating profit margins.

Comparing the current operating profit margin to the same period in the prior year, there has been a noticeable decrease. In Q4 2022, Olin Corp. reported an operating profit margin of 19.07%, indicating a substantial decline over the course of a year.

Moreover, the operating profit margin in Q4 2023 is significantly lower compared to the same quarter in 2022, showing a decrease of approximately 7%. This downward trend suggests potential challenges in managing costs and generating profits for Olin Corp.

It is essential for the company to closely monitor its operating expenses and revenue generation strategies to stabilize and improve its operating profit margin in the upcoming quarters.