AdvanSix Inc (ASIX)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,525,604 | 1,550,528 | 1,707,779 | 1,864,760 | 1,943,802 | 1,963,180 | 1,930,418 | 1,783,754 | 1,680,358 | 1,596,651 | 1,431,259 | 1,226,091 | 1,153,999 | 1,140,377 | 1,171,063 | 1,285,126 | 1,296,943 | 1,356,927 | 1,414,965 | 1,470,226 |
| Property, plant and equipment | US$ in thousands | 850,483 | 830,399 | 816,885 | 812,518 | 811,065 | 803,188 | 785,974 | 782,783 | 767,964 | 759,373 | 758,736 | 763,605 | 765,469 | 764,234 | 762,976 | 766,355 | 755,881 | 731,643 | 701,120 | 685,366 |
| Fixed asset turnover | 1.79 | 1.87 | 2.09 | 2.30 | 2.40 | 2.44 | 2.46 | 2.28 | 2.19 | 2.10 | 1.89 | 1.61 | 1.51 | 1.49 | 1.53 | 1.68 | 1.72 | 1.85 | 2.02 | 2.15 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,525,604K ÷ $850,483K
= 1.79
Fixed asset turnover is a financial ratio that measures how efficiently a company is generating revenue from its fixed assets. A higher fixed asset turnover ratio indicates that the company is using its fixed assets more effectively to generate sales.
Based on the data provided for AdvanSix Inc, we can observe fluctuations in the fixed asset turnover ratio over the past eight quarters. The ratio ranged from 1.80 in Q4 2023 to 2.46 in Q2 2022.
The trend shows a general decline in the fixed asset turnover ratio from Q2 2022 to Q4 2023, indicating that the company may have become less efficient in utilizing its fixed assets to generate revenue during this period. However, it is important to consider the industry norms and competitive landscape to gain a better understanding of the company's performance.
Further analysis and comparison with industry peers or historical data may provide more insights into the reasons behind the fluctuations in the fixed asset turnover ratio and help in evaluating the overall efficiency of AdvanSix Inc in managing its fixed assets.
Peer comparison
Dec 31, 2023