Ashland Global Holdings Inc (ASH)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 668,000 | 830,000 | 670,000 | 599,000 | 651,000 |
| Revenue | US$ in thousands | 2,191,000 | 2,391,000 | 2,111,000 | 2,016,000 | 2,148,000 |
| Gross profit margin | 30.49% | 34.71% | 31.74% | 29.71% | 30.31% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $668,000K ÷ $2,191,000K
= 30.49%
The gross profit margin of Ashland Inc has fluctuated over the past five years. In 2023, the gross profit margin decreased to 30.49% from 34.71% in 2022. This downward trend may indicate a decrease in the company's ability to generate profit from its direct production costs. This decline could be attributed to various factors such as changes in the cost of goods sold, pricing strategies, or shifts in the product mix. Further analysis of the company's cost structure and pricing strategies would be necessary to fully understand the reasons behind the changes in gross profit margin.
Peer comparison
Sep 30, 2023
Company name
Symbol
Gross profit margin
Ashland Global Holdings Inc
ASH
30.49%
Hawkins Inc
HWKN
21.07%