Olin Corporation (OLN)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 7,713,200 | 8,044,200 | 8,517,700 | 8,270,900 | 9,187,800 |
| Operating ROA | 9.23% | 22.12% | 21.73% | -9.03% | 1.94% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $712,100K ÷ $7,713,200K
= 9.23%
Olin Corp.'s operating return on assets (operating ROA) experienced fluctuations over the past five years. In 2023, the operating ROA stood at 9.84%, showing a decrease from the prior year's level of 22.23%. The operating ROA in 2021 also exhibited a robust performance at 22.04%. However, there was a significant decline in 2020, where the operating ROA dropped to -0.47%, indicating an operational loss during that period. In 2019, the company's operating ROA was 2.76%, which was a moderate performance compared to the subsequent years.
Overall, the fluctuating trend in Olin Corp.'s operating ROA indicates varying levels of operational efficiency and profitability over the analyzed period. It is important for the company to monitor these fluctuations closely to identify factors impacting its operational performance and take appropriate measures to sustain and improve its return on assets in the future.
Peer comparison
Dec 31, 2023