Ashland Global Holdings Inc (ASH)
Net profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 178,000 | 927,000 | 220,000 | -508,000 | 505,000 |
| Revenue | US$ in thousands | 2,191,000 | 2,391,000 | 2,111,000 | 2,016,000 | 2,148,000 |
| Net profit margin | 8.12% | 38.77% | 10.42% | -25.20% | 23.51% |
September 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $178,000K ÷ $2,191,000K
= 8.12%
The net profit margin of Ashland Inc has fluctuated significantly over the past five years. In 2023, the net profit margin decreased to 8.12% from 38.77% in 2022. This significant decrease indicates a lower percentage of each dollar of revenue being converted into profit after all expenses are taken into account. The 2023 net profit margin is considerably lower compared to the favorable 38.77% margin in 2022. Similarly, the net profit margin was 10.42% in 2021, which suggests a decline in profitability compared to 2022. Notably, the net profit margin was negative in 2020, indicating that the company incurred a loss in that period. However, there was a substantial improvement in 2019, with a net profit margin of 20.26%, representing a strong profitability. The fluctuating trend in the net profit margin implies varying levels of efficiency in managing costs and generating profit from sales, which may warrant further investigation into the company's operational performance and cost structure.
Peer comparison
Sep 30, 2023