Asbury Automotive Group Inc (ABG)
Payables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 12,046,900 | 11,876,100 | 11,981,500 | 12,099,500 | 12,333,200 | 11,477,800 | 10,305,800 | 9,245,200 | 7,935,600 | 7,684,800 | 7,268,200 | 6,383,700 | 5,908,400 | 5,639,100 | 5,678,500 | 5,984,700 | 6,041,400 | 5,951,400 | 5,881,900 | 5,819,200 |
| Payables | US$ in thousands | 155,600 | — | — | — | 147,400 | — | — | — | 163,900 | — | — | — | 97,600 | — | — | — | 81,700 | — | — | — |
| Payables turnover | 77.42 | — | — | — | 83.67 | — | — | — | 48.42 | — | — | — | 60.54 | — | — | — | 73.95 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $12,046,900K ÷ $155,600K
= 77.42
The payables turnover ratio for Asbury Automotive Group Inc in Q4 2023 was 77.42, which indicates that the company is able to pay off its accounts payable approximately 77.42 times during the quarter.
However, there is a lack of data available for the payables turnover ratio for Q3, Q2, and Q1 2023. In comparison, the payables turnover ratio was 83.67 in Q4 2022, suggesting a slight decrease in the efficiency of paying off accounts payable in Q4 2023 compared to the same period in the previous year.
Overall, the payables turnover ratio for Asbury Automotive Group Inc in Q4 2023 shows a reasonable ability to manage its accounts payable, although further analysis would be required by examining trends over multiple periods for a more comprehensive assessment.
Peer comparison
Dec 31, 2023