AdvanSix Inc (ASIX)
Total 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 |
| Total assets | US$ in thousands | 1,594,920 | 1,510,240 | 1,477,950 | 1,467,980 | 1,542,800 | 1,476,450 | 1,467,010 | 1,448,820 | 1,495,330 | 1,455,530 | 1,483,260 | 1,457,120 | 1,312,000 | 1,290,360 | 1,245,320 | 1,242,780 | 1,263,410 | 1,235,130 | 1,286,000 | 1,263,310 |
| Total asset turnover | 0.95 | 1.04 | 1.01 | 1.00 | 0.99 | 1.05 | 1.17 | 1.29 | 1.30 | 1.35 | 1.30 | 1.23 | 1.28 | 1.24 | 1.15 | 0.99 | 0.92 | 0.93 | 0.91 | 1.02 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,517,557K ÷ $1,594,920K
= 0.95
AdvanSix Inc's total asset turnover has shown fluctuations over the period under review. The total asset turnover ratio measures the efficiency with which the company utilizes its assets to generate sales revenue. From March 31, 2020, to December 31, 2024, the total asset turnover ratio ranged from a low of 0.91 to a high of 1.35.
The trend in the total asset turnover ratio indicates an initial decline from 1.02 on March 31, 2020, to a low of 0.91 on June 30, 2020. However, the ratio gradually increased over the subsequent quarters, reaching its peak of 1.35 on September 30, 2022. This suggests that the company improved its efficiency in generating sales relative to its total assets during this period.
After reaching the peak, the total asset turnover ratio experienced some fluctuations but generally maintained a level above 1, indicating that AdvanSix continued to effectively utilize its assets to generate revenue. The ratio ended the period at 0.95 on December 31, 2024, slightly lower than the peak levels seen in the previous quarters.
Overall, the upward trend in the total asset turnover ratio from 2020 to 2022 indicates improved asset utilization efficiency by AdvanSix Inc. However, the slight decline towards the end of the period may warrant further analysis to assess any potential challenges or opportunities for enhancing asset turnover in the future.
Peer comparison
Dec 31, 2024