AdvanSix Inc (ASIX)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	57,525	113,325	140,239	183,550	221,277	208,640	256,136	229,461	186,167	205,386	163,703	140,408	133,748	96,000	110,358	118,162	135,472	174,461	169,170	184,584
Revenue (ttm)	US$ in thousands	1,525,604	1,550,528	1,707,779	1,864,760	1,943,802	1,963,180	1,930,418	1,783,754	1,680,358	1,596,651	1,431,259	1,226,091	1,153,999	1,140,377	1,171,063	1,285,126	1,296,943	1,356,927	1,414,965	1,470,226
Gross profit margin		3.77%	7.31%	8.21%	9.84%	11.38%	10.63%	13.27%	12.86%	11.08%	12.86%	11.44%	11.45%	11.59%	8.42%	9.42%	9.19%	10.45%	12.86%	11.96%	12.55%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $57,525K ÷ $1,525,604K
= 3.77%

The gross profit margin of AdvanSix Inc has shown a gradual decline over the past eight quarters, decreasing from 17.85% in Q2 2022 to 10.76% in Q4 2023. This downward trend indicates a reduction in the percentage of revenue that remains after accounting for the cost of goods sold. While the gross profit margin experienced some fluctuations, it has generally been on a downward trajectory, suggesting potential challenges in managing production costs or pricing strategies. Further analysis of the underlying factors contributing to this trend would be necessary to identify specific areas for improvement in the company's operational efficiency and profitability.