Olin Corporation (OLN)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 452,000 | 1,326,900 | 1,296,700 | -969,900 | -11,300 |
| Total assets | US$ in thousands | 7,713,200 | 8,044,200 | 8,517,700 | 8,270,900 | 9,187,800 |
| ROA | 5.86% | 16.50% | 15.22% | -11.73% | -0.12% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $452,000K ÷ $7,713,200K
= 5.86%
The Return on Assets (ROA) for Olin Corp. has fluctuated significantly over the past five years. In 2023, the ROA was 5.97%, representing a decrease from the previous year's ROA of 16.50%. This decrease may indicate a decline in the company's ability to generate profits relative to its total assets.
In 2022, Olin Corp. recorded a robust ROA of 16.50%, showing a strong performance in utilizing its assets to generate income. The company continued this positive trend in 2021 with an ROA of 15.22%, indicating efficient asset management and profitability.
However, in 2020, Olin Corp. experienced a negative ROA of -11.73%, suggesting that the company incurred a loss relative to its asset base. This could be a result of lower revenue generation or higher asset write-offs during the year.
In 2019, the company's ROA was slightly negative at -0.12%, indicating a marginal loss in profitability relative to its assets. This may have been due to various operational challenges or financial issues during that period.
Overall, the fluctuation in Olin Corp.'s ROA over the past five years highlights the importance of closely monitoring the company's asset utilization and profitability trends to assess its financial performance and operational efficiency.
Peer comparison
Dec 31, 2023