AdvanSix's (NYSE:ASIX) Returns On Capital Not Reflecting Well On The Business [Yahoo! Finance]
AdvanSix Inc. (ASIX)
Last advansix inc. earnings: 5/1 06:31 am
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Source: Yahoo! Finance
AdvanSix NYSE:ASIX ), we don't think it's current trends fit the mold of a multi-bagger. What Is Return On Capital Employed (ROCE)? If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for AdvanSix, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.014 = US$17m ÷ (US$1.5b - US$273m) (Based on the trailing twelve months to June 2024) Thus, AdvanSix has an ROCE of 1.4%. Ultimately, that's a low return and it under-performs the Chemicals industry average of 8.7%. In the above chart we have measured AdvanSix's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering AdvanSix for free. The Trend Of ROCE When we looked at the ROCE trend at AdvanSix, we didn't gain much confidence. To
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ASIX
News
- AdvanSix Inc. (NYSE: ASIX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Implied Volatility Surging for AdvanSix (ASIX) Stock Options [Yahoo! Finance]Yahoo! Finance
- Donald Newman Buys Handful Of Shares In AdvanSix [Yahoo! Finance]Yahoo! Finance
- AdvanSix Inc. (NYSE: ASIX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Ammonium Sulfate Market Report 2024-2029 and Case Studies of Reducing Ammonia Emissions Through Alternative Sulfur Fertilizers and Industrial Wastewater Treatment and Ammonium Sulfate Recovery [Yahoo! Finance]Yahoo! Finance
ASIX
Earnings
- 11/1/24 - Beat
ASIX
Sec Filings
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- 12/16/24 - Form 144
- ASIX's page on the SEC website