AdvanSix Inc (ASIX)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,517,557 | 1,570,703 | 1,495,423 | 1,469,884 | 1,533,599 | 1,555,453 | 1,711,315 | 1,867,111 | 1,945,640 | 1,965,642 | 1,933,368 | 1,787,314 | 1,684,624 | 1,600,832 | 1,436,247 | 1,231,587 | 1,157,917 | 1,144,295 | 1,173,018 | 1,285,211 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 932,666 | 926,701 | — | 925,753 | 928,148 | 916,120 | 915,350 | 904,171 | 902,304 | 865,033 | 877,063 | 765,469 | 875,485 | 883,824 | 893,856 |
| Fixed asset turnover | — | — | — | — | — | 1.67 | 1.85 | — | 2.10 | 2.12 | 2.11 | 1.95 | 1.86 | 1.77 | 1.66 | 1.40 | 1.51 | 1.31 | 1.33 | 1.44 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,517,557K ÷ $—K
= —
The fixed asset turnover ratio measures a company's ability to generate sales revenue from its fixed assets. A higher ratio indicates more efficient utilization of fixed assets to generate sales.
Analyzing the fixed asset turnover of AdvanSix Inc over the provided period, we observe fluctuations in the ratio. The ratio was 1.44 as of March 31, 2020, and showed a decreasing trend until June 30, 2021, reaching a low of 1.33. However, from June 30, 2021, the ratio started to increase steadily, reaching 2.11 by June 30, 2022, indicating a significant improvement in utilizing fixed assets to generate sales.
During the subsequent quarters, the fixed asset turnover ratio remained relatively stable between 1.85 and 2.12, showcasing consistent efficiency in generating sales from fixed assets. However, there is missing data for some periods in the future, reflecting uncertainty in the trend beyond the available data.
In conclusion, AdvanSix Inc has shown varying levels of efficiency in leveraging its fixed assets to drive sales revenue over the analyzed period. The recent improvements in the fixed asset turnover ratio indicate enhanced operational efficiency and better utilization of fixed assets to support revenue generation.
Peer comparison
Dec 31, 2024