Asbury Automotive Group Inc (ABG)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,755,800 | 3,100,600 | 1,902,200 | 1,223,400 | 1,168,900 |
| Revenue | US$ in thousands | 14,802,700 | 15,433,800 | 9,837,700 | 7,131,800 | 7,210,300 |
| Gross profit margin | 18.62% | 20.09% | 19.34% | 17.15% | 16.21% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,755,800K ÷ $14,802,700K
= 18.62%
The gross profit margin of Asbury Automotive Group Inc has shown a generally positive trend over the past five years, increasing from 16.21% in 2019 to 18.62% in 2023. This indicates that the company has been able to improve its profitability in terms of generating revenue from its core operations after accounting for the costs directly associated with producing goods or services. The upward trajectory suggests that Asbury Automotive Group Inc has been effectively managing its cost of goods sold and/or pricing strategies to enhance its gross profit margin performance. Overall, the consistent improvement in gross profit margin reflects positively on the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2023