Ashland Global Holdings Inc (ASH)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 178,000 | 927,000 | 220,000 | -508,000 | 505,000 |
| Total assets | US$ in thousands | 5,939,000 | 6,213,000 | 6,612,000 | 6,877,000 | 7,251,000 |
| ROA | 3.00% | 14.92% | 3.33% | -7.39% | 6.96% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $178,000K ÷ $5,939,000K
= 3.00%
The return on assets (ROA) of Ashland Inc has exhibited significant fluctuations over the past five years. In 2023, the ROA stands at 3.00%, representing a decline from the previous year's 14.92%. This decrease suggests a lower ability to generate profits from its assets compared to the prior year. The ROA in 2021 was 3.33%, indicating relatively consistent performance compared to the latest year. However, in 2020, the ROA was negative at -7.39%, implying that Ashland Inc incurred losses from its assets. The ROA rebounded to a positive 6.96% in 2019, underscoring a positive turnaround in profitability. Overall, the trend in ROA indicates a variable performance in generating earnings from the company's assets, with 2020 being a particularly challenging year but a subsequent recovery evident in the following years.
Peer comparison
Sep 30, 2023