Ashland Global Holdings Inc (ASH)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 168,000 | 148,000 | 192,000 | 163,000 | 177,000 | 238,000 | 224,000 | 919,000 | 927,000 | 914,000 | 958,000 | 213,000 | 221,000 | 182,000 | 139,000 | -484,000 | -508,000 | -102,000 | -73,000 | 585,000 |
| Total assets | US$ in thousands | 5,645,000 | 5,747,000 | 5,948,000 | 5,866,000 | 5,939,000 | 6,029,000 | 6,183,000 | 6,259,000 | 6,213,000 | 6,412,000 | 6,780,000 | 6,549,000 | 6,612,000 | 6,766,000 | 6,664,000 | 6,742,000 | 6,877,000 | 6,986,000 | 6,968,000 | 7,326,000 |
| ROA | 2.98% | 2.58% | 3.23% | 2.78% | 2.98% | 3.95% | 3.62% | 14.68% | 14.92% | 14.25% | 14.13% | 3.25% | 3.34% | 2.69% | 2.09% | -7.18% | -7.39% | -1.46% | -1.05% | 7.99% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $168,000K ÷ $5,645,000K
= 2.98%
Ashland Global Holdings Inc's return on assets (ROA) has exhibited fluctuations over the past few quarters. Based on the data provided, the ROA ranged from -7.39% to 14.92% during the period from December 2019 to September 2024.
ROA was negative in December 2019 and September 2020, indicating that the company's assets did not generate positive returns during these periods. However, the ROA improved significantly in the subsequent quarters, reaching a peak of 14.92% in September 2022, suggesting that the company effectively utilized its assets to generate profits.
There was a substantial decline in ROA in December 2022, which dropped to 3.25%. The ROA remained relatively stable around 3% in the following quarters until March 2024, where it increased to 3.23%.
Overall, Ashland Global Holdings Inc's ROA performance has shown volatility, with some periods of strong performance and others with lower returns. Investors and analysts may want to further investigate the factors contributing to these fluctuations in ROA to assess the company's asset utilization efficiency and profitability.
Peer comparison
Sep 30, 2024