Ashland Global Holdings Inc (ASH)
Operating profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 172,000 | 333,000 | 192,000 | -461,000 | 86,000 |
| Revenue | US$ in thousands | 2,191,000 | 2,391,000 | 2,111,000 | 2,016,000 | 2,148,000 |
| Operating profit margin | 7.85% | 13.93% | 9.10% | -22.87% | 4.00% |
September 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $172,000K ÷ $2,191,000K
= 7.85%
The operating profit margin of Ashland Inc has exhibited fluctuations in recent years. In 2023, it stood at 7.26%, down from 12.05% in 2022. This decrease suggests a decline in the company's ability to convert its revenue into profit from its core business operations. The 2023 figure is also lower than the 8.15% recorded in 2021 and the 6.50% reported in 2019. However, it is higher than the 5.76% observed in 2020. This indicates some variability in the company's profitability over the years, with potential factors such as changes in costs, pricing strategies, or sales volumes influencing these fluctuations. It is important for stakeholders to closely monitor the company's cost management and revenue generation strategies to understand the drivers behind these changes in operating profit margin.
Peer comparison
Sep 30, 2023