Ashland Global Holdings Inc (ASH)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,868,000 | 2,967,000 | 3,134,000 | 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 |
| ROE | 5.86% | 4.99% | 6.13% | 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% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $168,000K ÷ $2,868,000K
= 5.86%
The return on equity (ROE) of Ashland Global Holdings Inc fluctuated over the past 20 quarters, ranging from negative figures to positive values. The ROE for the most recent quarter, September 30, 2024, was 5.86%, showing a slight improvement compared to the previous quarter. However, the ROE has been relatively low in recent quarters, indicating that the company may not be efficiently utilizing its equity to generate profits for shareholders.
The highest ROE recorded in the dataset was 28.79% in September 30, 2022, followed by a similarly high figure of 28.33% in March 31, 2022. These spikes in ROE suggest that the company was able to generate substantial profits relative to its equity during those periods.
On the other hand, there were significant declines in ROE in the quarters ending in December 31, 2020, and September 30, 2020, where the ROE values were -15.50% and -16.73%, respectively. These negative ROE figures indicate that the company was not generating sufficient profits to cover the equity invested by shareholders during those periods.
Overall, the fluctuating ROE values for Ashland Global Holdings Inc suggest varying levels of profitability and efficiency in utilizing shareholder equity over the past few years. It would be important for the company to closely monitor its profitability and operational efficiency to maintain and improve its return on equity in the future.
Peer comparison
Sep 30, 2024