AdvanSix Inc (ASIX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,517,560 | 1,533,600 | 1,945,640 | 1,684,620 | 1,157,920 |
| Property, plant and equipment | US$ in thousands | — | — | 925,753 | 904,171 | 765,469 |
| Fixed asset turnover | — | — | 2.10 | 1.86 | 1.51 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,517,560K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. In the case of AdvanSix Inc, the trend in the fixed asset turnover ratio shows an improvement over the years.
In December 31, 2020, the fixed asset turnover ratio was 1.51, which means that for every dollar invested in fixed assets, the company generated $1.51 in revenue. This ratio increased to 1.86 by December 31, 2021, indicating a more efficient use of fixed assets to generate revenue. Furthermore, by December 31, 2022, the fixed asset turnover ratio improved further to 2.10, suggesting that the company is effectively utilizing its fixed assets to generate revenue.
However, there is missing data for December 31, 2023, and December 31, 2024, which prevents a complete analysis of the trend. It would be important to examine the reasons behind this missing data to understand the potential impact on the company's fixed asset turnover ratio and overall performance.
Overall, the increasing trend in AdvanSix Inc's fixed asset turnover ratio from 2020 to 2022 reflects improved efficiency in utilizing fixed assets to drive revenue generation.
Peer comparison
Dec 31, 2024