AdvanSix Inc (ASIX)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 3.77% | 7.31% | 8.21% | 9.84% | 11.38% | 10.63% | 13.27% | 12.86% | 11.08% | 12.86% | 11.44% | 11.45% | 11.59% | 8.42% | 9.42% | 9.19% | 10.45% | 12.86% | 11.96% | 12.55% |
| 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% |
| 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% |
| Net profit margin | 3.58% | 6.02% | 6.52% | 7.71% | 8.84% | 8.24% | 10.14% | 9.80% | 8.32% | 8.95% | 6.87% | 5.35% | 3.99% | 1.51% | 2.21% | 2.31% | 3.19% | 4.73% | 4.36% | 5.09% |
The profitability ratios of AdvanSix Inc, as indicated by its gross profit margin, operating profit margin, pretax margin, and net profit margin, have shown a declining trend over the quarters analyzed.
The gross profit margin decreased from 16.16% in Q4 2022 to 10.76% in Q4 2023, indicating a decrease in the company's ability to generate profits after accounting for the cost of goods sold.
Similarly, the operating profit margin declined from 11.65% in Q4 2022 to 4.54% in Q4 2023, reflecting a decrease in the company's profitability from its core operations.
The pretax margin also decreased from 11.60% in Q4 2022 to 4.51% in Q4 2023, indicating a decline in the company's profitability before accounting for taxes.
Lastly, the net profit margin decreased from 8.83% in Q4 2022 to 3.56% in Q4 2023, reflecting a decrease in the company's profitability after accounting for all expenses and taxes.
Overall, the declining trend in profitability margins for AdvanSix Inc suggests potential challenges in managing costs, maintaining pricing strategies, or optimizing operational efficiency, which may warrant further investigation and strategic adjustments to improve profitability in the future.
Return on investment
| 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 return on assets (Operating ROA) | -3.47% | 0.13% | 1.87% | 5.10% | 7.75% | 7.15% | 10.41% | 8.76% | 6.61% | 11.06% | 7.04% | 3.88% | 2.15% | -0.86% | -0.04% | 0.40% | 1.38% | 4.62% | 4.60% | 6.53% |
| Return on assets (ROA) | 3.65% | 6.32% | 7.59% | 9.92% | 11.49% | 11.12% | 13.20% | 11.99% | 10.65% | 11.08% | 7.90% | 5.28% | 3.65% | 1.39% | 2.01% | 2.35% | 3.35% | 5.30% | 5.31% | 6.66% |
| Return on total capital | 8.02% | 13.69% | 16.33% | 21.60% | 26.84% | 25.29% | 30.00% | 26.47% | 25.49% | 27.00% | 18.12% | 11.91% | 8.44% | 3.68% | 4.71% | 6.04% | 8.57% | 16.24% | 13.42% | 14.33% |
| Return on equity (ROE) | 7.39% | 12.37% | 14.38% | 18.96% | 23.29% | 22.66% | 27.22% | 26.54% | 23.25% | 25.25% | 18.81% | 13.83% | 10.37% | 4.09% | 6.14% | 7.29% | 10.31% | 15.39% | 14.69% | 17.85% |
AdvanSix Inc's profitability ratios have shown a declining trend over the past year. The Operating Return on Assets (Operating ROA) has decreased from 15.16% in Q4 2022 to 4.65% in Q4 2023. This suggests that the company's ability to generate operating profit from its assets has diminished.
Similarly, the Return on Assets (ROA) has declined from 11.49% in Q4 2022 to 3.65% in Q4 2023, indicating a decrease in the company's overall profit generation from its total assets.
The Return on Total Capital has also shown a downward trend, dropping from 26.57% in Q4 2022 to 7.65% in Q4 2023. This decline suggests a decrease in the company's profitability in generating returns from its total invested capital.
Lastly, the Return on Equity (ROE) has decreased from 23.29% in Q4 2022 to 7.39% in Q4 2023, indicating a lower return for shareholders' equity. Overall, the declining profitability ratios of AdvanSix Inc indicate a potential decrease in its overall profitability and efficiency in utilizing its assets and capital.