AdvanSix Inc (ASIX)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	69,223	225,791	185,116	55,033	53,348
Revenue	US$ in thousands	1,524,830	1,942,860	1,679,600	1,150,210	1,290,570
Pretax margin		4.54%	11.62%	11.02%	4.78%	4.13%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $69,223K ÷ $1,524,830K
= 4.54%

The pretax margin of AdvanSix Inc has fluctuated over the past five years, ranging from 4.11% in 2019 to 11.60% in 2022. In 2023, the pretax margin declined to 4.51%, showing a significant decrease compared to the prior year. This decrease could indicate potential challenges or inefficiencies in the company's operations or cost management. It is important for AdvanSix Inc to closely monitor its operating expenses and revenue generation to improve its profitability and ensure sustainable financial performance in the future.