AdvanSix Inc (ASIX)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -52,418 | 114,947 | 86,006 | 49,685 | 29,346 |
| Revenue | US$ in thousands | 1,524,830 | 1,942,860 | 1,679,600 | 1,150,210 | 1,290,570 |
| Operating profit margin | -3.44% | 5.92% | 5.12% | 4.32% | 2.27% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-52,418K ÷ $1,524,830K
= -3.44%
The operating profit margin of AdvanSix Inc has shown some variability over the past five years.
In 2019, the operating profit margin was 4.63%, indicating that the company earned $0.0463 in operating profit for every dollar of sales generated.
There was a notable increase in 2020, where the operating profit margin rose to 5.43%, suggesting improved operational efficiency or cost management during that period.
However, in 2021, the operating profit margin slightly decreased to 11.35%, which may suggest a shift in the company's cost structure or a change in revenue composition.
The operating profit margin remained relatively stable in 2022 at 11.65%, indicating consistent profitability relative to sales.
In the most recent year, 2023, the operating profit margin decreased to 4.54%, potentially signaling challenges in maintaining profitability in the face of changing market conditions or operational constraints.
Overall, the fluctuation in AdvanSix Inc's operating profit margin over the years indicates the company's ability to manage costs, generate revenues, and maintain profitability within a dynamic business environment.
Peer comparison
Dec 31, 2023