AdvanSix Inc (ASIX)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 44,149 | 54,623 | 171,886 | 139,791 | 46,077 |
| Revenue | US$ in thousands | 1,517,560 | 1,533,600 | 1,945,640 | 1,684,620 | 1,157,920 |
| Net profit margin | 2.91% | 3.56% | 8.83% | 8.30% | 3.98% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $44,149K ÷ $1,517,560K
= 2.91%
AdvanSix Inc's net profit margin has exhibited fluctuations over the years, as per the available data.
In December 2020, the net profit margin stood at 3.98%, indicating that the company retained $0.0398 in net income for every dollar of revenue generated. The margin saw an improvement in the following year, reaching 8.30%, suggesting an increase in profitability and efficient cost management.
By December 2022, the net profit margin further increased to 8.83%, indicating sustained profitability and potential effective utilization of resources. However, there was a decline in the margin by December 2023, dropping to 3.56%, which may be attributed to various factors impacting the company's financial performance.
Lastly, in December 2024, the net profit margin decreased to 2.91%, implying a lower level of profitability relative to the previous year. This decline may signal challenges in maintaining or improving profitability levels.
Overall, the fluctuating trend in AdvanSix Inc's net profit margin highlights the importance of closely monitoring and evaluating the company's financial performance to identify key drivers influencing profitability.
Peer comparison
Dec 31, 2024