AdvanSix (FRA:960) ROCE % : -7.15% (As of Mar. 2024)

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What is AdvanSix ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. AdvanSix's annualized ROCE % for the quarter that ended in Mar. 2024 was -7.15%.

AdvanSix ROCE % Historical Data

The historical data trend for AdvanSix's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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AdvanSix ROCE % Chart

AdvanSix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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7.01

6.25

19.92

22.39

6.75

AdvanSix Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															16.19	15.64	-2.75	-2.07	-7.15

AdvanSix ROCE % Calculation

AdvanSix's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	70.341	/	( ( (1411.592 - 371.456)	+	(1371.85 - 329.128) )	/ 2 )
	=	70.341	/	( (1040.136	+	1042.722)	/ 2 )
	=	70.341	/	1041.429
	=	6.75 %

AdvanSix's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-76.244	/	( ( (1371.85 - 329.128)	+	(1350.544 - 261.392) )	/ 2 )
	=	-76.244	/	( ( 1042.722	+	1089.152 )	/ 2 )
	=	-76.244	/	1065.937
	=	-7.15 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

AdvanSix (FRA:960) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

AdvanSix ROCE % Related Terms

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AdvanSix (FRA:960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » AdvanSix Inc (FRA:960) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ASIX:USA

Address

300 Kimball Drive, Suite 101, Parsippany, NJ, USA, 07054

Website

https://www.advansix.com

AdvanSix Inc. is an integrated manufacturer of Nylon 6, a polymer resin and fertilizers. Nylon 6 is a synthetic material used by customers to produce engineered plastics, fibers, filaments, and films, which in turn are used in such end-products as automotive and electronic components, carpets, sports apparel, fishing nets and food and industrial packaging. In addition, it also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process including caprolactam, ammonium sulfate fertilizers, and other chemical intermediates. Geographically, the group operates through the United States and its business is also expanding internationally but it derives the majority of its revenue from the United States region.

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