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.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
AdvanSix Inc
ASIX
4.54%
Albemarle Corp
ALB
20.84%
Avient Corp
AVNT
2.87%
Dow Inc
DOW
1.31%
Dupont De Nemours Inc
DD
3.26%
Eastman Chemical Company
EMN
11.78%
Hexcel Corporation
HXL
6.70%
Rogers Corporation
ROG
8.45%