AdvanSix Inc (ASIX)

Net 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
Net income (ttm)	US$ in thousands	54,623	93,329	111,338	143,767	171,886	161,849	195,759	174,733	139,791	142,968	98,334	65,632	46,077	17,219	25,832	29,749	41,347	64,202	61,761	74,825
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
Net profit margin		3.58%	6.02%	6.52%	7.71%	8.84%	8.24%	10.14%	9.80%	8.32%	8.95%	6.87%	5.35%	3.99%	1.51%	2.21%	2.31%	3.19%	4.73%	4.36%	5.09%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $54,623K ÷ $1,525,604K
= 3.58%

To analyze AdvanSix Inc's net profit margin over the past eight quarters, we observe a general declining trend from 10.13% in Q2 2022 to 3.56% in Q4 2023. This indicates a decrease in the company's profitability over time. The peak net profit margin of 10.13% in Q2 2022 was followed by a gradual decline in subsequent quarters. Factors such as changes in revenue, costs, and operational efficiency may have contributed to the fluctuating profit margins. It is crucial for the company to closely monitor and address the drivers impacting profitability to ensure sustained financial performance in the future.