AdvanSix Inc (ASIX)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	69,153	123,088	145,897	187,733	225,761	212,185	257,095	229,907	185,052	183,738	124,424	80,195	55,033	20,560	31,653	38,597	53,355	83,950	80,238	97,592
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
Pretax margin		4.53%	7.94%	8.54%	10.07%	11.61%	10.81%	13.32%	12.89%	11.01%	11.51%	8.69%	6.54%	4.77%	1.80%	2.70%	3.00%	4.11%	6.19%	5.67%	6.64%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $69,153K ÷ $1,525,604K
= 4.53%

The pretax margin of AdvanSix Inc has shown a declining trend over the past few quarters. In Q4 2023, the pretax margin stood at 4.51%, a decrease from the previous quarter's 7.91%. This marks a continuing downward trend from Q1 2023, where the pretax margin was at its highest at 10.06%.

Comparing year-over-year performance, there has been a noticeable decrease from Q4 2022 to Q4 2023, with the pretax margin declining from 11.60% to 4.51%. This suggests potential challenges or inefficiencies in the company's operations or cost management strategies.

It is advisable for AdvanSix Inc to closely monitor and address the factors contributing to the declining pretax margin to improve overall profitability and financial performance in the coming quarters.