The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Olin's Revenue for the
three
months ended in Mar. 2024 was $1,635 Mil. Olin's average Accounts Receivable for the
three
months ended in Mar. 2024 was $810 Mil.
Hence, Olin's Receivables Turnover for the
three
months ended in Mar. 2024 was 2.02.
Olin Receivables Turnover Historical Data
The historical data trend for Olin's Receivables Turnover can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Olin's Receivables Turnover
For the Specialty Chemicals subindustry, Olin's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Olin's Receivables Turnover Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Olin's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Olin's Receivables Turnover falls into.
Olin Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
Olin's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Olin (NYSE:OLN) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Olin Receivables Turnover Related Terms
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Olin Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on the product type. The Chlor alkali products and Vinyls segment, which generates the majority of revenue, sells chlorine and caustic soda, which are used in a variety of industries including cosmetics, textiles, crop protection, and fire protection products. The Epoxy segment sells epoxy resins used in paints and coatings. The Winchester segment sells sporting ammunition and ammunition accessories under the Winchester brand. The majority of revenue comes from the United States.
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