Ashland Global Holdings Inc (ASH)
Pretax margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 170,000 | 952,000 | 182,000 | -530,000 | 535,000 |
| Revenue | US$ in thousands | 2,191,000 | 2,391,000 | 2,111,000 | 2,016,000 | 2,148,000 |
| Pretax margin | 7.76% | 39.82% | 8.62% | -26.29% | 24.91% |
September 30, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $170,000K ÷ $2,191,000K
= 7.76%
The pretax margin of Ashland Inc has shown variability over the past five years. In 2023, the pretax margin stands at 7.30%, down from 8.62% in 2022 and up from 6.40% in 2021. The significant drop to -21.63% in 2020 indicates a period of operational challenges. However, the company managed to recover in 2019 with a pretax margin of 2.81%. This fluctuation suggests the company has experienced some instability in its profitability before showing signs of improvement in recent years.
Peer comparison
Sep 30, 2023