Ashland Global Holdings Inc (ASH)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 619,000 | 573,000 | 565,000 | 601,000 | 668,000 | 750,000 | 812,000 | 835,000 | 831,000 | 811,000 | 744,000 | 684,000 | 670,000 | 533,000 | 556,000 | 593,000 | 599,000 | 640,000 | 651,000 | 652,000 |
| 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 |
| Gross profit margin | 29.28% | 27.17% | 26.76% | 28.10% | 30.49% | 32.52% | 33.78% | 34.72% | 34.74% | 34.50% | 33.07% | 31.74% | 31.74% | 29.30% | 30.05% | 30.39% | 29.71% | 32.31% | 31.79% | 30.97% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $619,000K ÷ $2,114,000K
= 29.28%
The gross profit margin of Ashland Global Holdings Inc has shown some fluctuation over the past few quarters. It decreased from 30.49% in Sep 30, 2023, to 26.76% in Mar 31, 2024, but then slightly increased to 29.28% in Sep 30, 2024.
Overall, the trend indicates a general decline in gross profit margin since Dec 2021. Despite the fluctuations, the gross profit margin has generally remained in the range of 26% to 34%, indicating some stability in the company's ability to generate profits from its core business activities.
It would be essential for the company to closely monitor and potentially improve its cost structure and pricing strategies to sustain or improve its gross profit margin in the future.
Peer comparison
Sep 30, 2024