Ashland Global Holdings Inc (ASH)
Pretax margin
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 535,000 | 123,000 | 83,000 |
| Revenue (ttm) | US$ in thousands | 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 | 2,148,000 | 2,551,000 | 2,578,000 |
| Pretax margin | 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% | 24.91% | 4.82% | 3.22% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $124,000K ÷ $2,139,000K
= 5.80%
The pretax margin of Ashland Inc has shown fluctuations over the past eight quarters, ranging from 5.33% to 11.15%. The highest pretax margin was recorded in the second quarter of 2023 at 11.15%, reflecting strong profitability before accounting for taxes. However, the pretax margin decreased in the following two quarters before rebounding to 7.30% in the third quarter of 2023. This could be an indication of varying operating efficiencies and cost structures in different periods. Overall, Ashland Inc should continue to monitor and manage its pretax margin to ensure sustained profitability.
Peer comparison
Dec 31, 2023