AdvanSix Inc (ASIX)
Working capital 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 current assets | US$ in thousands | 387,116 | 395,773 | 378,592 | 391,307 | 419,804 | 413,731 | 411,155 | 395,168 | 440,928 | 398,356 | 435,913 | 412,463 | 349,854 | 333,082 | 324,750 | 310,077 | 333,503 | 308,563 | 349,919 | 316,464 |
| Total current liabilities | US$ in thousands | 357,103 | 295,142 | 272,954 | 284,122 | 358,918 | 307,954 | 300,143 | 314,960 | 393,492 | 350,656 | 356,344 | 307,252 | 309,822 | 306,140 | 269,105 | 259,482 | 287,037 | 253,162 | 226,324 | 268,680 |
| Working capital turnover | 50.56 | 15.61 | 14.16 | 13.71 | 25.19 | 14.71 | 15.42 | 23.28 | 41.02 | 41.21 | 24.30 | 16.99 | 42.08 | 59.42 | 25.81 | 24.34 | 24.92 | 20.65 | 9.49 | 26.90 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,517,557K ÷ ($387,116K – $357,103K)
= 50.56
The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue. A higher ratio indicates that the company is effectively managing its working capital.
Analysis of AdvanSix Inc's working capital turnover over the past few quarters shows some fluctuation in the ratio. The ratio ranged from as low as 9.49 in June 2020 to as high as 59.42 in September 2021. This wide range indicates varying levels of efficiency in managing working capital during different periods.
Overall, AdvanSix Inc's working capital turnover has shown some volatility, with periods of both high and low efficiency in utilizing working capital. It is important for the company to strive for more consistent performance in this area to maintain stable operations and profitability.
Peer comparison
Dec 31, 2024