AdvanSix Inc (ASIX)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	54,623	171,886	139,791	46,077	41,347
Total stockholders’ equity	US$ in thousands	739,237	738,180	601,190	444,123	400,878
ROE		7.39%	23.29%	23.25%	10.37%	10.31%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $54,623K ÷ $739,237K
= 7.39%

AdvanSix Inc's return on equity (ROE) has displayed fluctuations in recent years. The ROE decreased from 10.31% in 2019 to 10.37% in 2020 before experiencing a substantial increase to 23.25% in 2021 and 23.29% in 2022. However, there was a notable decline in ROE to 7.39% in 2023, indicating a significant drop from the previous year. These fluctuations suggest volatility in the company's ability to generate profits relative to its shareholders' equity, signaling potential changes in the company's financial performance and efficiency in utilizing shareholder funds. Further analysis of the factors contributing to these fluctuations is warranted to provide deeper insights into AdvanSix Inc's financial health and performance.