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.
Peer comparison
Dec 31, 2023