Ashland Global Holdings Inc (ASH)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 169,000 | 178,000 | 927,000 | 220,000 | -508,000 |
| Total assets | US$ in thousands | 5,645,000 | 5,939,000 | 6,213,000 | 6,612,000 | 6,877,000 |
| ROA | 2.99% | 3.00% | 14.92% | 3.33% | -7.39% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $169,000K ÷ $5,645,000K
= 2.99%
Ashland Global Holdings Inc's return on assets (ROA) has fluctuated over the past five years. In 2024, the ROA stood at 2.99%, slightly lower compared to the previous year's 3.00%. However, this is still a positive indicator, showing that the company is generating a profit relative to its total assets.
In 2022, Ashland Global Holdings Inc experienced a significant increase in ROA to 14.92%, indicating a strong performance in generating profit from its assets. This substantial improvement may have been the result of effective asset utilization and profitability.
The ROA dropped in 2021 to 3.33%, indicating a slight decrease in the company's ability to generate profit from its assets compared to the previous year.
In 2020, the ROA was negative at -7.39%, suggesting that the company did not generate a profit from its assets during that period, which could be concerning for investors and stakeholders.
Overall, Ashland Global Holdings Inc's ROA has shown variability over the past five years, with both positive and negative trends. It is important for investors to closely monitor the company's ability to efficiently utilize its assets to generate profits in the future.
Peer comparison
Sep 30, 2024