AdvanSix Inc (ASIX)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	739,237	754,485	774,359	758,067	738,180	714,277	719,209	658,391	601,190	566,311	522,829	474,588	444,123	421,034	420,787	407,836	400,878	417,226	420,563	419,244
ROE		7.39%	12.37%	14.38%	18.96%	23.29%	22.66%	27.22%	26.54%	23.25%	25.25%	18.81%	13.83%	10.37%	4.09%	6.14%	7.29%	10.31%	15.39%	14.69%	17.85%

December 31, 2023 calculation

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

To analyze AdvanSix Inc's return on equity (ROE) trend based on the provided data, we observe fluctuations over the past eight quarters.

The ROE has shown a downward trend from the fourth quarter of 2022 to the fourth quarter of 2023, with a decrease from 23.29% to 7.39%. There was a significant drop of approximately 15.90% in ROE during this period.

Despite the decline in ROE, there was a slight increase in the third quarter of 2023 compared to the previous two quarters. However, this uptick was not sustained, as the ROE continued to decline in the subsequent quarters.

The highest ROE observed in this period was 27.22% in the second quarter of 2022, indicating a strong performance in generating profit relative to shareholders' equity.

Overall, the analysis suggests that AdvanSix Inc experienced fluctuations in its ROE over the past eight quarters, with a general downward trend. It is important for stakeholders to investigate the factors contributing to these fluctuations to assess the company's performance and sustainability.