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Ashland Inc   (ASH)
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Ashland Inc Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Ashland Inc 's asset turnover ratio, the ratio that measures the ability of Ashland Inc 's assets to generate revenue, sequentially decreased to 0.37 in the fourth quarter (Sep 30 2023), which does not come as a surprise, as the Ashland Inc continue to experience difficult business climate.

Within sector 59 more businesses have achieved higher asset turnover ratio. While ranking the asset turnover ratio, among all other companies, it is fair to say, that the company's position has deteriorated in the Forth Quarter 2023 compared to the preceding quarter from 2305 to 2480.


What is Asset Turnover Ratio?
What is Ashland Inc Market Share?


ASH Asset Turnover Ratio (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 Asset Change -4.78 % -6.17 % -8.98 % -4.22 % -5.76 %
Y / Y Revenue Change -18.07 % -15.22 % -0.17 % 2.54 % 94.75 %
Asset Turnover Ratio (TTM) 0.37 0.38 0.39 0.38 0.38
ASH's Total Ranking # 2480 # 2305 # 2062 # 688 # 2078
Seq. Asset Change -1.5 % -2.58 % -1.52 % 0.76 % -2.93 %
Seq. Revenue Change -5.31 % -9.45 % 14.86 % -16.8 % -2.02 %



Asset Turnover Ratio Company Ranking
Within: No.
Chemical Manufacturing Industry # 60
Basic Materials Sector # 205
Overall Market # 2480

Asset Turnover Ratio Statistics
High Average Low
1.46 0.71 0.3
(Sep. 30, 2008)   (Mar 31 2018)







Companies with similar Asset Turnover Ratio for the quarter ending Sep 30 2023, within Basic Materials Sector Asset Turnover Ratio Revenues for 12 Months ending Sep 30 2023 Assets at quarter ending Sep 30 2023
Luxfer Holdings Plc  1.03 $ 425.800  Millions$ 412.575  Millions
Griffon Corporation  1.03 $ 2,684.821  Millions$ 2,606.872  Millions
Watts Water Technologies Inc  1.03 $ 2,009.800  Millions$ 1,952.725  Millions
Smith midland Corporation  1.03 $ 57.678  Millions$ 56.046  Millions
Carpenter Technology Corporation  1.03 $ 3,147.400  Millions$ 3,070.375  Millions
Avery Dennison Corporation  1.02 $ 8,279.700  Millions$ 8,143.050  Millions
Generac Holdings Inc   1.02 $ 5,297.741  Millions$ 5,217.227  Millions
Orion S a   1.01 $ 1,887.100  Millions$ 1,863.600  Millions
Pure Bioscience Inc   1.01 $ 2.128  Millions$ 2.107  Millions
Stepan Company  1.00 $ 2,419.823  Millions$ 2,410.864  Millions
Tecnoglass Inc   1.00 $ 848.954  Millions$ 846.272  Millions
Matthews International Corp  0.99 $ 1,880.672  Millions$ 1,892.947  Millions
Profire Energy Inc   0.99 $ 57.416  Millions$ 58.191  Millions
Packaging Corp Of America  0.97 $ 7,842.100  Millions$ 8,084.225  Millions
Glatfelter Corporation  0.96 $ 1,539.760  Millions$ 1,602.075  Millions
Sonoco Products Company  0.96 $ 6,819.121  Millions$ 7,108.340  Millions
Dynaresource Inc   0.95 $ 40.125  Millions$ 42.092  Millions
Westlake Chemical Partners Lp  0.94 $ 1,260.357  Millions$ 1,347.939  Millions
Pgt Innovations Inc   0.93 $ 1,500.603  Millions$ 1,621.186  Millions
Northern Technologies International Corporation  0.92 $ 79.903  Millions$ 86.444  Millions
Ati Inc   0.92 $ 4,120.100  Millions$ 4,474.675  Millions
United States Steel Corp  0.92 $ 18,247.000  Millions$ 19,925.500  Millions
Olin Corporation  0.90 $ 7,195.400  Millions$ 7,980.325  Millions
Mativ Holdings Inc   0.90 $ 3,178.400  Millions$ 3,527.675  Millions
Graphic Packaging Holding Co  0.90 $ 9,565.000  Millions$ 10,642.750  Millions
Greif Inc   0.89 $ 5,218.100  Millions$ 5,859.100  Millions
Techprecision Corporation  0.89 $ 33.185  Millions$ 37.331  Millions
Forum Energy Technologies Inc   0.89 $ 743.943  Millions$ 839.324  Millions
Kronos Worldwide inc   0.89 $ 1,608.300  Millions$ 1,815.150  Millions
Smart Sand Inc   0.87 $ 307.855  Millions$ 353.603  Millions

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



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