AdvanSix Inc (ASIX)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 58,914 | 63,059 | 19,969 | 6,315 | 72,439 | 125,143 | 148,644 | 191,421 | 228,745 | 215,054 | 260,800 | 233,856 | 190,212 | 188,086 | 128,867 | 86,123 | 60,912 | 28,480 | 39,754 | 45,460 |
| Total assets | US$ in thousands | 1,594,920 | 1,510,240 | 1,477,950 | 1,467,980 | 1,542,800 | 1,476,450 | 1,467,010 | 1,448,820 | 1,495,330 | 1,455,530 | 1,483,260 | 1,457,120 | 1,312,000 | 1,290,360 | 1,245,320 | 1,242,780 | 1,263,410 | 1,235,130 | 1,286,000 | 1,263,310 |
| Operating ROA | 3.69% | 4.18% | 1.35% | 0.43% | 4.70% | 8.48% | 10.13% | 13.21% | 15.30% | 14.77% | 17.58% | 16.05% | 14.50% | 14.58% | 10.35% | 6.93% | 4.82% | 2.31% | 3.09% | 3.60% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $58,914K ÷ $1,594,920K
= 3.69%
Operating Return on Assets (Operating ROA) is a key financial ratio that measures a company's ability to generate profits from its operations relative to its total assets. It is an indicator of operational efficiency and profitability.
Analyzing the Operating ROA data for AdvanSix Inc over the period provided reveals fluctuations in the company's operational performance:
- The Operating ROA started at 3.60% as of March 31, 2020, and showed a slight decrease to 3.09% by June 30, 2020.
- There was a notable decline in Operating ROA to 2.31% by September 30, 2020, followed by a significant improvement to 4.82% by December 31, 2020.
- The trend continued positively, with Operating ROA steadily increasing to reach 17.58% by June 30, 2022, marking a peak.
- However, a downward trend followed, with Operating ROA decreasing to 4.70% by December 31, 2023, and a significant drop to 0.43% as of March 31, 2024.
- There was a slight recovery in the Operating ROA to 4.18% by September 30, 2024, followed by a decrease to 3.69% by December 31, 2024.
Overall, AdvanSix Inc's Operating ROA exhibited fluctuating performance over the period analyzed, with periods of improvement and decline. It is essential for stakeholders to closely monitor these fluctuations and investigate the underlying factors impacting the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024