Ashland Global Holdings Inc (ASH)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -55,000 | -110,000 | 50,000 | 124,000 | 170,000 | 260,000 | 232,000 | 948,000 | 953,000 | 937,000 | 954,000 | 184,000 | 182,000 | 145,000 | 140,000 | -488,000 | -531,000 | -118,000 | -102,000 | 567,000 |
| 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 |
| Pretax margin | -2.60% | -5.22% | 2.37% | 5.80% | 7.76% | 11.27% | 9.65% | 39.42% | 39.84% | 39.86% | 42.40% | 8.54% | 8.62% | 7.97% | 7.57% | -25.01% | -26.34% | -5.96% | -4.98% | 26.94% |
September 30, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-55,000K ÷ $2,114,000K
= -2.60%
The pretax margin of Ashland Global Holdings Inc has shown fluctuations over the past several quarters. It was negative in the most recent quarter, at -2.60%, which indicates that the company's pre-tax earnings were insufficient to cover its operating expenses and other costs.
The trend over the past few quarters has been a decline in pretax margin, with the highest point seen in December 2022 at 39.42%, followed by a gradual decrease in subsequent quarters. This decline could be attributed to various factors such as changes in revenue, cost structures, or economic conditions impacting the company's profitability.
Overall, the pretax margin trend suggests that Ashland Global Holdings Inc may be facing challenges in maintaining consistent profitability and efficiency in managing its expenses relative to its revenue. Further analysis of the company's financial performance and operational strategies would be necessary to understand the underlying reasons for these fluctuations in pretax margin.
Peer comparison
Sep 30, 2024