Asbury Automotive Group Inc (ABG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 17,188,600 | 14,802,700 | 15,433,900 | 9,837,700 | 7,131,800 |
| Property, plant and equipment | US$ in thousands | — | — | 1,941,000 | 1,990,000 | 956,200 |
| Fixed asset turnover | — | — | 7.95 | 4.94 | 7.46 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $17,188,600K ÷ $—K
= —
The fixed asset turnover ratio for Asbury Automotive Group Inc has shown fluctuation over the years. In 2020, the company had a high fixed asset turnover of 7.46, indicating that it generated $7.46 in sales for every $1 of fixed assets invested. However, in 2021, there was a decrease in the ratio to 4.94, which could suggest that the company's efficiency in utilizing its fixed assets to generate sales declined.
Subsequently, in 2022, there was a notable improvement in the fixed asset turnover to 7.95, showing that the company was able to increase its sales in relation to its fixed asset base. However, the absence of data for 2023 and 2024 makes it challenging to assess the trend accurately for those years.
Overall, analyzing the fixed asset turnover ratio provides insights into how effectively Asbury Automotive Group Inc is utilizing its fixed assets to generate revenue. It is essential for the company to sustain or improve this ratio over time to ensure efficient utilization of its fixed asset base.
Peer comparison
Dec 31, 2024