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.
Peer comparison
Dec 31, 2023