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Ashland Inc   (ASH)
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Ashland Inc 's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Ashland Inc 's ROA in the fourth quarter of 2023?
Ashland Inc achieved a return on average assets (ROA) of 2.99 % in its fourth quarter of 2023, which is below Ashland Inc 's average return on assets, which stands at 4%.

ROA decreased relative to the period ending Jun 30 2023, due to the decline in net income.

However, within the Basic Materials sector 155 other companies had a higher return on assets. While return on assets, the total ranking has deteriorated compared to the third quarter of 2023 from 1427 to 1604.

What is ROA?


Return On Assets (Sep 30 2023)
IV. Quarter
(Jun 30 2023)
III. Quarter
(Mar 31 2023)
II. Quarter
(Dec 31 2022)
I. Quarter
(Sep 30 2022)
IV. Quarter
Y / Y Total Assets Change -4.78 % -6.17 % -8.98 % -4.22 % -5.76 %
Y / Y Net Income Change - 38.89 % -88.42 % -16.67 % 32.56 %
Net Income (TTM) in million 178 238 224 919 927
Return On Assets (TTM) 2.99 % 3.94 % 3.65 % 14.63 % 14.6 %
ASH's Total Ranking # 1604 # 1427 # 1545 # 506 # 491
Total Assets (TTM) in million 5,795 5,883 6,039 6,132 6,086
Seq. Total Assets Change -1.5 % -2.58 % -1.52 % 0.76 % -2.93 %
Seq. Net Income Change - -45.05 % 127.5 % -29.82 % 58.33 %



Return On Assets Company Ranking
Within: No.
Industry # 40
Sector # 156
Overall # 1600

Return On Assets Statistics
High Average Low
29.8 %
4 %
-7.22 %
(March 31, 2006)   (Sep 30 2020)





Financial Statements
Ashland Inc 's Assets $ 5,795 million ASH's Balance sheet
Ashland Inc 's Income $ -3 million Quarterly ASH's Income Statement
ASH's Income by Division See ASH's Income by Division



Annual Return On Assets (Sep 30 2023)
FY 2023
(Sep 30 2022)
FY 2022
(Sep 30 2021)
FY 2021
(Sep 30 2020)
FY 2020
(Sep 30 2019)
FY 2019
Y / Y Total Assets Change -4.78 % -5.76 % -3.81 % -7.41 % -12.13 %
Total Assets in million 5,795 6,086 6,458 6,714 7,251
Y / Y Net Income Change -80.8 % 321.36 % - - 342.98 %
Net Income in million 178 927 220 -508 505
Return On Assets 3.07 % 15.23 % 3.41 % -7.57 % 6.96 %




Comment on ASH's ROA in the fiscal year ending 2023
In the fiscal year 2023 Ashland Inc 's ROA decreased compared to previous year to 3.07 %, due to deterioration of net income -80.8 % to $178.00 million, from $927.00 million a year ago, as ASH's assets were $5,795.00 million.


More Return On Assets Ratios
ASH's' Return on Assets at Yahoo Finance
Chemical Manufacturing Industry Return On Assets Trends and Statistics
Basic Materials Sector Roa Statistics
Roa Trends for overall market
ASH's Roa Ratio versus Chemical Manufacturing Industry, Basic Materials Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for ASH's Competitors
Roa for Ashland Inc 's Suppliers
Return On Assets for ASH's Customers

You may also want to know
ASH's Roi ASH's Inventory Turnover Ratio ASH's Growth Rates ASH's Dividend Comparisons
ASH's Profitability Ratios ASH's Asset Turnover Ratio ASH's Dividend Growth
ASH's Roe ASH's Valuation Ratios ASH's Financial Strength Ratios ASH's Dividend Payout Ratio



Companies with similar Return On Assets at Sep 30 2023, within Basic Materials Sector ROA
Futurefuel Corp   8.10 %
Weatherford International Plc  7.97 %
Crane Nxt Co   7.92 %
Innospec Inc   7.85 %
Celanese Corporation  7.85 %
Rpm International Inc   7.85 %
Parker hannifin Corporation  7.78 %
Air Products And Chemicals Inc   7.75 %
Linde Plc  7.74 %
Gibraltar Industries Inc   7.64 %
Olin Corporation  7.52 %
Insteel Industries Inc  7.41 %
Timken Co  7.38 %
American Woodmark Corporation  7.36 %
Summit Materials Inc   7.35 %
Freeport mcmoran Inc   7.28 %
Martin Marietta Materials Inc   7.13 %
U s Silica Holdings Inc   7.04 %
Lsb Industries Inc   7.03 %
Pgt Innovations Inc   6.98 %
Ati Inc   6.97 %
Sonoco Products Company  6.91 %
Centrus Energy Corp   6.84 %
Cps Technologies Corp  6.81 %
Fortune Brands Innovations Inc   6.77 %
Royal Gold inc  6.75 %
Generac Holdings Inc   6.74 %
Ppg Industries Inc  6.71 %
Aptargroup Inc   6.63 %
Greif Inc   6.47 %


Date modified: 2023-11-21T23:35:29+00:00


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