AdvanSix Inc (ASIX)
Net profit margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Net income | US$ in thousands | 54,623 | 171,886 | 139,791 | 46,077 | 41,347 |
Revenue | US$ in thousands | 1,524,830 | 1,942,860 | 1,679,600 | 1,150,210 | 1,290,570 |
Net profit margin | 3.58% | 8.85% | 8.32% | 4.01% | 3.20% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $54,623K ÷ $1,524,830K
= 3.58%
The net profit margin of AdvanSix Inc has fluctuated over the past five years, ranging from 3.19% in 2019 to 8.83% in 2022. In 2023, the net profit margin decreased to 3.56%, which indicates that the company's profitability in relation to its revenue has declined compared to the previous year. This could be a result of various factors, such as changes in revenue, cost structure, or operational efficiency. Further analysis would be needed to determine the specific reasons behind this decline and assess the overall financial performance of AdvanSix Inc.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
AdvanSix Inc
ASIX
3.58%
Albemarle Corp
ALB
16.36%
Avient Corp
AVNT
2.50%
Dow Inc
DOW
1.32%
Dupont De Nemours Inc
DD
3.50%
Eastman Chemical Company
EMN
9.71%
Hexcel Corporation
HXL
6.01%
Rogers Corporation
ROG
6.27%