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