Asbury Automotive Group Inc (ABG)
Fixed asset turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 17,188,300 | 16,495,500 | 15,925,000 | 15,421,400 | 14,802,600 | 14,696,900 | 14,896,700 | 15,104,500 | 15,434,000 | 14,382,800 | 12,922,800 | 11,556,600 | 9,837,700 | 9,416,900 | 8,856,300 | 7,717,400 | 7,131,800 | 6,791,800 | 6,788,400 | 7,146,800 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 2,191,100 | 1,940,200 | 1,930,500 | 1,941,000 | 2,152,500 | 1,974,000 | 1,988,400 | 1,990,000 | 1,412,700 | 1,390,600 | 950,800 | 956,200 | 945,400 | 922,800 | 924,400 |
| Fixed asset turnover | — | — | — | — | — | 6.71 | 7.68 | 7.82 | 7.95 | 6.68 | 6.55 | 5.81 | 4.94 | 6.67 | 6.37 | 8.12 | 7.46 | 7.18 | 7.36 | 7.73 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $17,188,300K ÷ $—K
= —
Asbury Automotive Group Inc's fixed asset turnover ratio has fluctuated over the past few years, indicating changes in the efficiency with which the company is utilizing its fixed assets to generate sales.
From March 31, 2020, to December 31, 2021, the fixed asset turnover ratio showed a generally increasing trend, starting at 7.73 and peaking at 8.12 on March 31, 2021. This suggests that Asbury Automotive was effectively generating sales relative to its investment in fixed assets during this period.
However, the fixed asset turnover ratio declined from June 30, 2021, to December 31, 2022. Notably, the ratio dropped to 4.94 on December 31, 2021, which may indicate a potential deterioration in the efficiency of the company's fixed asset utilization.
Subsequently, the fixed asset turnover ratio improved from March 31, 2022, to June 30, 2023, fluctuating within the range of 5.81 to 7.95. This improvement could signal increased efficiency in generating sales from fixed assets during this period.
As of September 30, 2023, the fixed asset turnover ratio decreased to 6.71, suggesting a slight decline in the efficiency of fixed asset utilization. It is worth noting that data is not available for the periods beyond December 31, 2023.
In conclusion, the analysis of Asbury Automotive Group Inc's fixed asset turnover ratio indicates varying levels of efficiency in utilizing fixed assets to generate sales over the specified period, with fluctuations that may warrant further investigation into the company's asset management strategies.
Peer comparison
Dec 31, 2024