Days Inventory is also known as Days Sales of Inventory (DSI). Olin's Average Total Inventories for the
three
months ended in Dec. 2023 was $918 Mil. Olin's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1,431 Mil.
Hence, Olin's Days Inventory for the
three
months ended in Dec. 2023 was 58.56.
The historical rank and industry rank for Olin's Days Inventory or its related term are showing as below:
OLN'
s Days Inventory Range Over the Past 10 Years
Min: 39.06 Med: 46.23 Max: 65.7
Current: 63.75
During the past 13 years, Olin's highest Days Inventory was 65.70. The lowest was 39.06. And the median was 46.23.
OLN's Days Inventory is ranked better than 65.75% of 1495
companies
in the Chemicals industry
Industry Median: 82.92
vs OLN: 63.75
Olin's Days Inventory
increased
from Dec. 2022 (53.99) to Dec. 2023 (58.56).
It might indicate that Olin's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Olin's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.56.
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
three
months ended in Dec. 2023 was 0.57.
Olin Days Inventory Historical Data
The historical data trend for Olin's Days Inventory 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.
For the Specialty Chemicals subindustry, Olin's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Olin's Days Inventory distribution charts can be found below:
* The bar in red indicates where Olin's Days Inventory falls into.
Olin Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Olin's Days Inventory 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) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Olin's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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
three
months 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Olin Days Inventory Related Terms
Thank you for viewing the detailed overview of Olin's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
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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