Ashland Global Holdings Inc (ASH)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -27,000 | -68,000 | 55,000 | 117,000 | 172,000 | 261,000 | 311,000 | 328,000 | 333,000 | 335,000 | 268,000 | 216,000 | 191,000 | 52,000 | 55,000 | -461,000 | -461,000 | -397,000 | -402,000 | 110,000 |
| Long-term debt | US$ in thousands | 1,349,000 | 1,325,000 | 1,328,000 | 1,341,000 | 1,314,000 | 1,328,000 | 1,328,000 | 1,316,000 | 1,270,000 | 1,302,000 | 1,336,000 | 1,580,000 | 1,596,000 | 1,578,000 | 1,571,000 | 1,601,000 | 1,573,000 | 1,547,000 | 1,535,000 | 1,502,000 |
| 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 |
| Return on total capital | -0.64% | -1.58% | 1.23% | 2.66% | 3.90% | 5.83% | 6.77% | 7.08% | 7.42% | 7.33% | 5.68% | 4.97% | 4.39% | 1.09% | 1.17% | -9.76% | -10.00% | -8.71% | -8.90% | 2.15% |
September 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-27,000K ÷ ($1,349,000K + $2,868,000K)
= -0.64%
The return on total capital for Ashland Global Holdings Inc has been fluctuating over the past few quarters. From September 2024 to September 2020, the return on total capital ranged from -1.58% to 7.42%, indicating variability in the company's ability to generate returns on its total capital employed.
During the earlier quarters of 2023 and 2022, the return on total capital was relatively higher, peaking at 7.42% in December 2022. However, the return dipped significantly in the following quarters, reaching -10.00% in December 2020.
It is worth noting that the return on total capital showed signs of recovery in the more recent quarters of 2023 and 2024, with positive returns observed. Despite this, the return on total capital remains below the levels seen in the earlier quarters of 2022.
Overall, the analysis of Ashland Global Holdings Inc's return on total capital demonstrates fluctuations in the company's profitability and efficiency in utilizing its total capital resources over the analyzed quarters.
Peer comparison
Sep 30, 2024