Ashland Global Holdings Inc (ASH)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -27,000 | -68,000 | 55,000 | 117,000 | 172,000 | 261,000 | 311,000 | 328,000 | 333,000 | 335,000 | 268,000 | 216,000 | 191,000 | 52,000 | 55,000 | -461,000 | -461,000 | -397,000 | -402,000 | 110,000 |
| 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 |
| Operating profit margin | -1.28% | -3.22% | 2.61% | 5.47% | 7.85% | 11.32% | 12.94% | 13.64% | 13.92% | 14.25% | 11.91% | 10.02% | 9.05% | 2.86% | 2.97% | -23.63% | -22.87% | -20.04% | -19.63% | 5.23% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-27,000K ÷ $2,114,000K
= -1.28%
The operating profit margin of Ashland Global Holdings Inc has experienced fluctuations over the past few quarters. It reached 2.61% in March 2024, indicating a moderate profitability level. However, the margin decreased to -3.22% in June 2024, reflecting a period of operational loss.
In previous quarters, the company had shown relatively stable operating profit margins, with consistently positive results ranging from 5.23% in December 2019 to 13.92% in March 2022. However, there were instances of significant decline, such as in December 2020 and September 2020, where the company experienced negative margins of -23.63% and -22.87% respectively, indicating operational challenges during those periods.
Overall, the recent trend of fluctuating operating profit margins raises concerns about the company's ability to maintain profitability consistently. Further analysis of the factors influencing these fluctuations would be necessary to understand the underlying issues impacting Ashland Global Holdings Inc's financial performance.
Peer comparison
Sep 30, 2024