Formula for comparing dates for OTD Metrics

[Blds77]

I am trying to create a formula for comparing column H to column I for OTD Metrics. H = Due Date and I = Receipt date. I would like it to state "Late" if the receipt date is past the due date or "on time" if the receipt date is on/or before the due date. There are 329 lines. Thanks!

Due Date	Receipt Date
04/09/21	04/05/21
04/05/21	04/05/21
04/21/21	04/20/21
04/22/21	04/14/21
04/21/21	04/21/21
04/21/21	04/21/21
04/21/21	04/21/21
04/14/21	05/03/21
04/14/21	05/03/21
04/14/21	05/03/21
04/14/21	05/03/21
04/14/21	05/03/21
04/14/21	05/03/21
04/14/21	05/03/21
04/14/21	05/03/21
04/14/21	05/03/21
04/14/21	05/03/21
04/14/21	05/03/21
04/14/21	05/03/21
04/14/21	05/03/21
04/14/21	05/03/21
04/14/21	05/03/21

 

[Fluff]

Hi & welcome to Mr excel.
How about

+Fluff 1.xlsm
	H	I	J
1	Due Date	Receipt Date
2	09/04/2021	05/04/2021	On time
3	05/04/2021	05/04/2021	On time
4	21/04/2021	20/04/2021	On time
5	22/04/2021	14/04/2021	On time
6	21/04/2021	21/04/2021	On time
7	21/04/2021	21/04/2021	On time
8	21/04/2021	21/04/2021	On time
9	14/04/2021	03/05/2021	Late
10	14/04/2021	03/05/2021	Late
11	14/04/2021	03/05/2021	Late
12	14/04/2021	03/05/2021	Late
13	14/04/2021	03/05/2021	Late
14	14/04/2021	03/05/2021	Late
15	14/04/2021	03/05/2021	Late
16	14/04/2021	03/05/2021	Late
17	14/04/2021	03/05/2021	Late
18	14/04/2021	03/05/2021	Late
19	14/04/2021	03/05/2021	Late
20	14/04/2021	03/05/2021	Late
21	14/04/2021	03/05/2021	Late
22	14/04/2021	03/05/2021	Late
23	14/04/2021	03/05/2021	Late
Data

Cell Formulas
Range	Formula
J2:J23	J2	=IF(I2>H2,"Late","On time")