AdvanSix Inc (ASIX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 56,852 | 220,333 | 185,408 | 133,748 | 135,472 |
| Revenue | US$ in thousands | 1,524,830 | 1,942,860 | 1,679,600 | 1,150,210 | 1,290,570 |
| Gross profit margin | 3.73% | 11.34% | 11.04% | 11.63% | 10.50% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $56,852K ÷ $1,524,830K
= 3.73%
The gross profit margin of AdvanSix Inc has fluctuated over the past five years. In 2023, the gross profit margin decreased to 10.76% from 16.16% in 2022 and 16.27% in 2021. This drop may indicate a decrease in the company's ability to generate profits from its core operations after accounting for the cost of goods sold. The 2023 margin is lower than the 5-year average, suggesting potential challenges in managing production costs or pricing strategies.
Further analysis would be required to understand the specific reasons behind this decline in gross profit margin and to assess its impact on the company's overall financial performance and competitiveness within the industry.
Peer comparison
Dec 31, 2023