Olin Corporation (OLN)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 452,000 | 599,800 | 810,500 | 1,087,900 | 1,326,900 | 1,436,900 | 1,512,400 | 1,446,100 | 1,296,700 | 957,100 | -170,400 | -646,300 | -969,900 | -1,014,100 | -233,100 | -133,000 | -11,300 | 119,200 | 270,100 | 348,700 |
| Total assets | US$ in thousands | 7,713,200 | 7,815,200 | 7,952,500 | 8,109,400 | 8,044,200 | 8,220,200 | 8,675,200 | 8,574,700 | 8,517,700 | 8,652,700 | 8,657,200 | 8,453,200 | 8,270,900 | 8,266,600 | 8,978,100 | 9,184,400 | 9,187,800 | 9,232,600 | 9,235,300 | 9,169,900 |
| ROA | 5.86% | 7.67% | 10.19% | 13.42% | 16.50% | 17.48% | 17.43% | 16.86% | 15.22% | 11.06% | -1.97% | -7.65% | -11.73% | -12.27% | -2.60% | -1.45% | -0.12% | 1.29% | 2.92% | 3.80% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $452,000K ÷ $7,713,200K
= 5.86%
To analyze Olin Corp.'s return on assets (ROA) based on the provided data, we observe a declining trend over the past eight quarters. In Q1 2022, the ROA was at its peak at 16.86%, followed by relatively stable performance in the subsequent quarters. However, starting from Q1 2023, the ROA began to decrease notably, with successive drops of 2.8%, 2.52%, and 4.45% in Q2 2023, Q3 2023, and Q4 2023, respectively.
This declining trend in ROA may suggest that Olin Corp.'s ability to generate profits from its assets has weakened over time. Factors contributing to this decline could include inefficiencies in asset utilization, increasing costs, or a decrease in revenues relative to the asset base. Investors and stakeholders may want to further investigate the underlying reasons for this trend to assess the company's financial health and performance sustainability.
Peer comparison
Dec 31, 2023