Ashland Global Holdings Inc (ASH)
Working capital turnover
| Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,825,000 | 1,869,000 | 1,950,000 | 2,046,000 | 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 | 2,085,000 | 1,984,000 | 1,889,000 | 1,845,000 | 2,129,000 | 2,160,000 | 2,261,000 |
| Total current assets | US$ in thousands | 1,124,000 | 1,124,000 | 1,075,000 | 1,069,000 | 1,195,000 | 1,385,000 | 1,385,000 | 1,365,000 | 1,506,000 | 1,526,000 | 1,631,000 | 1,724,000 | 1,768,000 | 1,817,000 | 2,025,000 | 1,734,000 | 1,717,000 | 1,235,000 | 1,418,000 | 1,381,000 |
| Total current liabilities | US$ in thousands | 420,000 | 420,000 | 463,000 | 425,000 | 490,000 | 464,000 | 464,000 | 414,000 | 456,000 | 432,000 | 472,000 | 464,000 | 553,000 | 550,000 | 810,000 | 908,000 | 934,000 | 602,000 | 569,000 | 585,000 |
| Working capital turnover | 2.59 | 2.65 | 3.19 | 3.18 | 3.00 | 2.29 | 2.29 | 2.25 | 2.09 | 2.11 | 2.07 | 1.91 | 1.97 | 1.65 | 1.63 | 2.29 | 2.36 | 3.36 | 2.54 | 2.84 |
September 30, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,825,000K ÷ ($1,124,000K – $420,000K)
= 2.59
Peer comparison
Sep 30, 2025
Company name
Symbol
Working capital turnover
Ashland Global Holdings Inc
ASH
2.59
Air Products and Chemicals Inc
APD
7.49
Cabot Corporation
CBT
4.46
Eastman Chemical Company
EMN
—
H B Fuller Company
FUL
6.68
LyondellBasell Industries NV
LYB
8.34
Minerals Technologies Inc
MTX
3.56
PPG Industries Inc
PPG
5.41
Sherwin-Williams Co
SHW
—
WD-40 Company
WDFC
3.39