AdvanSix Inc (ASIX)
Total 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 |
| Total assets | US$ in thousands | 1,594,920 | 1,496,020 | 1,495,330 | 1,312,000 | 1,263,410 |
| Total asset turnover | 0.95 | 1.03 | 1.30 | 1.28 | 0.92 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,517,560K ÷ $1,594,920K
= 0.95
The total asset turnover ratio measures how efficiently a company is utilizing its assets to generate revenue. AdvanSix Inc's total asset turnover ratio has shown some fluctuation over the past five years.
As of December 31, 2020, the total asset turnover ratio was 0.92, indicating that for every dollar of assets, the company generated $0.92 in revenue. This figure increased to 1.28 by December 31, 2021, suggesting improved efficiency in asset utilization.
The trend continued to improve in the following years, reaching 1.30 by December 31, 2022, indicating that the company was generating $1.30 in revenue for every dollar of assets. However, there was a slight dip in efficiency by December 31, 2023, with the total asset turnover ratio falling to 1.03.
The most recent data point, as of December 31, 2024, shows a further decrease in the total asset turnover ratio to 0.95. This suggests that AdvanSix Inc may be facing challenges in maximizing revenue generation from its assets compared to the previous year.
Overall, the fluctuation in AdvanSix Inc's total asset turnover ratio implies variations in the company's ability to efficiently utilize its assets to generate revenue over the past five years. Further analysis and comparison with industry benchmarks may provide more insights into the company's performance and efficiency in asset management.
Peer comparison
Dec 31, 2024