Olin (OLN) Inventory Turnover

: 1.56 (As of Dec. 2023)

View and export this data going back to 1974. Start your Free Trial

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Olin's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,431 Mil. Olin's Average Total Inventories for the quarter that ended in Dec. 2023 was $918 Mil. Olin's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Olin's Days Inventory for the three months ended in Dec. 2023 was 58.56.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Olin's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.57.

Olin Inventory Turnover Historical Data

The historical data trend for Olin's Inventory 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.

* Premium members only.

Olin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

7.73

7.84

8.58

7.95

6.29

Olin Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																1.69	1.42	1.28	1.36	1.56

Olin Inventory Turnover Calculation

Olin's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	5667.5	/ (	(941.9	+	858.8)	/	2 )
=	5667.5	/	900.35
=	6.29

Olin's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1430.9	/ (	(977.7	+	858.8)	/	2 )
=	1430.9	/	918.25
=	1.56

Olin (NYSE:OLN) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Olin's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	918.25	/	1430.9	*	365 / 4
	=	58.56

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Olin's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	918.25	/	1614.6
	=	0.57

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Olin Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Olin's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Olin (OLN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Olin Corp (NYSE:OLN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

OLN:Germany OLN:Germany

Address

190 Carondelet Plaza, Suite 1530, Clayton, MO, USA, 63105

Website

https://www.olin.com

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.

Executives

Damian Gumpel	officer: VP & Pres, CAPV	C/O OLIN CORPORATION, 190 CARONDELET PLZ, STE 1530, CLAYTON MO 63105
Brett A Flaugher	officer: VP & Pres, Winchester	C/O OLIN CORPORATION, 190 CARONDELET PLZ, STE 1530, CLAYTON MO 63105
Valerie A Peters	officer: VP, HR	C/O OLIN CORPORATION, 190 CARONDELET PLZ, STE 1530, CLAYTON MO 63105
Julie A Piggott	director	500 N AKARD ST. SUITE 400, DALLAS TX 75201
Heidi S Alderman	director	C/O OLIN CORPORATION, 190 CARONDELET PLZ, STE 1530, CLAYTON MO 63105
James A Varilek	officer: EVP & COO	C/O OLIN CORPORATION, 190 CARONDELET PLZ, STE 1530, CLAYTON MO 63105
R Nichole Sumner	officer: VP & Controller	OLIN CORPORATION, 190 CARONDELET PLZ, STE 1530, CLAYTON MO 63105
Scott D. Ferguson	director	250 WEST 55TH STREET, 34TH FLOOR, NEW YORK NY 10019
C Robert Bunch	director	C/O OLIN CORPORATION, 190 CARONDELET PLZ, STE 1530, CLAYTON MO 63105
Patrick Murphy Schumacher	officer: VP & President, CAPV	C/O OLIN CORPORATION, 190 CARONDELET PLZ, SUITE 1530, CLAYTON MO 63105
Dana C. O'brien	officer: Senior VP, GC & Secretary	1111 LOUISIANA STREET, HOUSTON TX 77002
Pat D Dawson	officer: EVP-Pres, Intl & Corp Strategy	C/O OLIN CORPORATION, 190 CARONDELET PLAZA, SUITE 1530, CLAYTON MO 63105
W Anthony Will	director	C/O CF INDUSTRIES HOLDINGS, INC., 4 PARKWAY NORTH, SUITE 400, DEERFIELD IL 60015
Matthew S Darnall	director	C/O OLIN CORPORATION, 190 CARONDELET PLZ, STE 1530, CLAYTON MO 63105
Teresa M Vermillion	officer: VP & Treasurer	C/O OLIN CORPORATION, 190 CARONDELET PLZ, STE 1530, CLAYTON MO 63105