AdvanSix Inc (ASIX)

Operating 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
Operating income (ttm)	US$ in thousands	-51,843	1,978	27,416	73,875	115,891	104,054	154,342	127,705	86,766	142,748	87,692	48,181	27,120	-10,628	-475	5,037	16,998	55,987	53,466	73,391
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
Operating profit margin		-3.40%	0.13%	1.61%	3.96%	5.96%	5.30%	8.00%	7.16%	5.16%	8.94%	6.13%	3.93%	2.35%	-0.93%	-0.04%	0.39%	1.31%	4.13%	3.78%	4.99%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-51,843K ÷ $1,525,604K
= -3.40%

AdvanSix Inc's operating profit margin has shown a consistent downward trend over the past few quarters, declining from 13.51% in Q2 2022 to 4.54% in Q4 2023. This indicates that the company's profitability from its core operations has been decreasing. The drop in operating profit margin may be attributed to a variety of factors such as increasing costs, pricing pressures, or inefficiencies in operations. It is important for the company to closely monitor and address these issues to improve its profitability and ensure long-term sustainability.