AdvanSix Inc (ASIX)

Return on assets (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
Net income (ttm)	US$ in thousands	44,149	38,715	8,472	2,273	54,623	93,329	111,338	143,767	171,886	161,849	195,759	174,733	139,791	142,968	98,334	65,632	46,077	17,219	25,832	29,749
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
ROA		2.77%	2.56%	0.57%	0.15%	3.54%	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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $44,149K ÷ $1,594,920K
= 2.77%

Advansix Inc's return on assets (ROA) has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. The ROA started at 2.35% in March 2020 and gradually declined to 1.39% by September 2020. However, from there, there was a significant improvement with the ROA increasing to 13.20% by June 30, 2022.

The peak was reached at 13.20% in June 30, 2022, but then there was a gradual decline in ROA, dropping to 0.15% by March 31, 2024. From that low point, there was a slight recovery to 2.77% by December 31, 2024.

Overall, Advansix Inc's ROA has displayed a volatile performance during the period under review, with significant fluctuations. It is important to further investigate the factors driving these changes in ROA to better understand the company's financial performance and efficiency in utilizing its assets to generate profits.