Ashland Global Holdings Inc (ASH)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 5,645,000 | 5,747,000 | 5,948,000 | 5,866,000 | 5,939,000 | 6,029,000 | 6,183,000 | 6,259,000 | 6,213,000 | 6,412,000 | 6,780,000 | 6,549,000 | 6,612,000 | 6,766,000 | 6,664,000 | 6,742,000 | 6,877,000 | 6,986,000 | 6,968,000 | 7,326,000 |
| Operating ROA | -0.48% | -1.18% | 0.92% | 1.99% | 2.90% | 4.33% | 5.03% | 5.24% | 5.36% | 5.22% | 3.95% | 3.30% | 2.89% | 0.77% | 0.83% | -6.84% | -6.70% | -5.68% | -5.77% | 1.50% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-27,000K ÷ $5,645,000K
= -0.48%
The operating return on assets (ROA) for Ashland Global Holdings Inc has shown variability over the periods analyzed. The trend indicates fluctuations in the company's ability to generate operating profits relative to its total assets.
The operating ROA ranged from a low of -6.84% in December 2020 to a high of 5.36% in September 2022, showing the company's ability to efficiently utilize its assets to generate profits. The negative values indicate periods where operating profits were not sufficient to cover the assets' utilization.
Overall, the operating ROA has shown some volatility, with fluctuations indicating changes in the company's operational efficiency and profitability. Further analysis would be needed to understand the underlying reasons for these fluctuations and the potential implications for the company's financial performance and future prospects.
Peer comparison
Sep 30, 2024