Ashland's Total Assets for the quarter that ended in Dec. 2023 was $5,866 Mil.
During the past 12 months, Ashland's average Total Assets Growth Rate was -5.30% per year.
During the past 3 years, the average Total Assets Growth Rate was -4.90% per year.
During the past 5 years, the average Total Assets Growth Rate was -7.00% per year.
During the past 10 years, the average Total Assets Growth Rate was -6.80% per year.
During the past 13 years, Ashland's highest 3-Year average Total Assets Growth Rate was 35.80%. The lowest was -13.90%. And the median was 1.70%.
Total Assets is connected with ROA %. Ashland's annualizedROA % for the quarter that ended in Dec. 2023 was 1.76%. Total Assets is also linked to Revenue through Asset Turnover. Ashland's Asset Turnover for the quarter that ended in Dec. 2023 was 0.08.
Ashland Total Assets Historical Data
The historical data trend for Ashland's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Ashland's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Ashland's Asset Turnover for the quarter that ended in Dec. 2023 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Ashland Total Assets Related Terms
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Ashland Inc is a world-wide specialty materials company that serves a wide range of industrial markets. The company has a business-centric operating model and is organized into four distinct segments: life sciences, personal care, specialty additives, and intermediates. Key customers for the firm include pharmaceutical companies and manufacturers of personal care products, food and beverages, and nutraceuticals and supplements. The life sciences segment derives maximum revenue. Ashland includes only U.S. and Canada in its North America designation and includes Europe, the Middle East and Africa in its Europe designation.
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