Ashland Global Holdings Inc (ASH)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 505,000 | 104,000 | 74,000 |
| Total stockholders’ equity | US$ in thousands | 3,053,000 | 3,097,000 | 3,149,000 | 3,267,000 | 3,318,000 | 3,220,000 | 3,266,000 | 3,381,000 | 2,763,000 | 2,752,000 | 3,202,000 | 3,114,000 | 3,122,000 | 3,036,000 | 3,013,000 | 2,983,000 | 3,625,000 | 3,571,000 | 3,217,000 | 3,362,000 |
| ROE | 5.34% | 5.72% | 7.56% | 6.86% | 27.70% | 28.79% | 27.99% | 28.33% | 7.71% | 8.03% | 5.68% | 4.46% | -15.50% | -16.73% | -3.39% | -2.45% | 16.14% | 14.14% | 3.23% | 2.20% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $163,000K ÷ $3,053,000K
= 5.34%
Based on the provided data, Ashland Inc's return on equity (ROE) has shown fluctuations over the past eight quarters. In the most recent quarter of December 31, 2023, the ROE stood at 5.37%, which was slightly lower than the previous quarter's ROE of 5.75%. However, compared to the same quarter in the prior year, there was a significant decrease in ROE, indicating a downward trend.
It is noteworthy that the ROE was substantially higher in the quarters ending in December 31, 2022 (27.70%), September 30, 2022 (28.79%), June 30, 2022 (27.95%), and March 31, 2022 (28.31%). These figures suggest a notable decline in the most recent quarters, reflecting a substantial change in the company's profitability and the utilization of shareholder equity.
Further analysis and contextual information about the company's financial performance, capital structure, and changes in net income and shareholder equity are required to understand the factors driving the fluctuations in ROE. The decreasing trend in ROE may indicate less efficient utilization of equity capital or decreasing profitability compared to previous periods. It is essential to closely examine the underlying factors to gain a comprehensive understanding of the company's financial health and performance.
Peer comparison
Dec 31, 2023