AdvanSix Inc (ASIX)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	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	41,347	64,202	61,761	74,825
Total assets	US$ in thousands	1,496,020	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	1,235,970	1,211,820	1,162,890	1,123,770
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%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $54,623K ÷ $1,496,020K
= 3.65%

To analyze AdvanSix Inc's return on assets (ROA) based on the provided data:

1. Trend Analysis:
- AdvanSix Inc's ROA has been showing a decreasing trend over the quarters, declining from 13.20% in Q2 2022 to 3.65% in Q4 2023.

2. Quarterly Fluctuations:
- The ROA has fluctuated quarter-to-quarter, with some periods showing higher returns compared to others. For instance, Q1 2023 and Q2 2023 had relatively higher ROA figures of 9.92% and 7.59%, respectively.

3. Comparison to Prior Year:
- Comparing Q4 2023 to the same period in the prior year (Q4 2022), there has been a notable decrease in ROA from 11.49% to 3.65%.

4. Overall Performance:
- With ROA figures generally on a decline, it indicates that AdvanSix Inc may be experiencing challenges in generating profits relative to its total assets or may be facing efficiency issues in asset utilization.

5. Consideration of External Factors:
- External factors such as changes in the industry landscape, economic conditions, or company-specific strategies could be influencing AdvanSix Inc's ROA performance.

Overall, a declining trend in return on assets for AdvanSix Inc suggests a need for further analysis and potential strategic adjustments to improve profitability and asset utilization efficiency in the future quarters.