Asbury Automotive Group Inc (ABG)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,948,600 | 2,755,800 | 3,100,600 | 1,902,200 | 1,223,400 |
| Revenue | US$ in thousands | 17,188,600 | 14,802,700 | 15,433,900 | 9,837,700 | 7,131,800 |
| Gross profit margin | 17.15% | 18.62% | 20.09% | 19.34% | 17.15% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,948,600K ÷ $17,188,600K
= 17.15%
The gross profit margin of Asbury Automotive Group Inc has shown a fluctuating trend over the past five years. Starting at 17.15% as of December 31, 2020, the margin improved to 19.34% by December 31, 2021, and further increased to 20.09% by December 31, 2022, indicating improved efficiency in generating profits from sales.
However, in the subsequent years, the gross profit margin experienced a slight decline, dropping to 18.62% by December 31, 2023, and returning to 17.15% by December 31, 2024, the same level recorded in 2020.
Overall, while there has been some variability in the gross profit margin, Asbury Automotive Group Inc has generally maintained a moderate level of profitability relative to its cost of goods sold over the period under consideration. It will be essential for the company to monitor and potentially improve its gross profit margin to ensure sustained profitability and operational efficiency in the future.
Peer comparison
Dec 31, 2024