Ashland Global Holdings Inc (ASH)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 618,000 | 668,000 | 830,000 | 670,000 | 599,000 |
| Revenue | US$ in thousands | 2,113,000 | 2,191,000 | 2,391,000 | 2,111,000 | 2,016,000 |
| Gross profit margin | 29.25% | 30.49% | 34.71% | 31.74% | 29.71% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $618,000K ÷ $2,113,000K
= 29.25%
The gross profit margin of Ashland Global Holdings Inc has exhibited fluctuations over the past five years. In the most recent fiscal year ending September 30, 2024, the gross profit margin was 29.25%, slightly lower than the previous year's margin of 30.49%. However, compared to the margins of 34.71% in 2022 and 31.74% in 2021, the company's gross profit margin has been relatively lower in recent years. The lowest margin of 29.71% was recorded in 2020.
The declining trend in the gross profit margin may indicate challenges in managing production costs, pricing strategies, or competitive pressures within the industry. Investors and stakeholders should further investigate the factors influencing these fluctuations to assess the company's operational efficiency and profitability.
Peer comparison
Sep 30, 2024