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.