Ashland Global Holdings Inc (ASH)
Receivables turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,114,000 | 2,109,000 | 2,111,000 | 2,139,000 | 2,191,000 | 2,306,000 | 2,404,000 | 2,405,000 | 2,392,000 | 2,351,000 | 2,250,000 | 2,155,000 | 2,111,000 | 1,819,000 | 1,850,000 | 1,951,000 | 2,016,000 | 1,981,000 | 2,048,000 | 2,105,000 |
| Receivables | US$ in thousands | 243,000 | 224,000 | 260,000 | 194,000 | 338,000 | 345,000 | 395,000 | 351,000 | 402,000 | 488,000 | 407,000 | 340,000 | 369,000 | 384,000 | 447,000 | 409,000 | 471,000 | 455,000 | 498,000 | 441,000 |
| Receivables turnover | 8.70 | 9.42 | 8.12 | 11.03 | 6.48 | 6.68 | 6.09 | 6.85 | 5.95 | 4.82 | 5.53 | 6.34 | 5.72 | 4.74 | 4.14 | 4.77 | 4.28 | 4.35 | 4.11 | 4.77 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,114,000K ÷ $243,000K
= 8.70
The receivables turnover ratio for Ashland Global Holdings Inc has shown fluctuations over the past several quarters. The ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a given period.
From December 2019 to September 2020, the receivables turnover ratio ranged from 4.11 to 4.77, showing relatively stable performance in managing receivables during that period. However, from March 2021 to June 2022, there was a notable increase in the ratio, reaching a peak of 6.34 in March 2022. This suggests an improvement in the company's collection efficiency during that time.
Subsequently, from September 2022 to March 2024, the receivables turnover ratio decreased, fluctuating between 4.82 and 8.12. The ratio experienced a significant decline in September 2023 to 6.48, followed by a gradual increase before reaching 8.12 in March 2024.
Overall, the receivables turnover ratio for Ashland Global Holdings Inc has shown variability, with periods of both improvement and decline in the efficiency of collecting outstanding receivables. It would be important to further analyze the company's credit policies, customer payment behavior, and collection processes to understand the factors influencing these fluctuations in the ratio.
Peer comparison
Sep 30, 2024