AdvanSix (NYSE:ASIX) Could Be Struggling To Allocate Capital [Yahoo! Finance]
AdvanSix Inc. (ASIX)
Last advansix inc. earnings: 5/1 06:31 am
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Source: Yahoo! Finance
Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Having said that, from a first glance at AdvanSix NYSE:ASIX ) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. What Is Return On Capital Employed (ROCE)? Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested 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) 0.061 = US$70m ÷ (US$1.5b - US$359m) (Based on the trailing twelve months to December 2023) So, AdvanSix has an ROCE of 6.1%. Ultimately, that's a low return
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News
- Down -22.21% in 4 Weeks, Here's Why You Should You Buy the Dip in AdvanSix (ASIX) [Yahoo! Finance]Yahoo! Finance
- AdvanSix Inc. (NYSE:ASIX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- ASIX, GGB and ZEUS are among materials movers [Seeking Alpha]Seeking Alpha
- Compared to Estimates, AdvanSix (ASIX) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- AdvanSix Announces First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
ASIX
Earnings
- 5/3/24 - Beat
ASIX
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 10-Q
- 5/3/24 - Form 8-K
- ASIX's page on the SEC website