Asbury Automotive Group Inc (ABG)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	2,755,800	2,820,900	2,915,200	3,004,800	3,100,600	2,904,800	2,617,000	2,311,500	1,902,200	1,732,200	1,588,100	1,333,700	1,223,400	1,152,700	1,109,900	1,162,100	1,168,900	1,149,100	1,134,000	1,116,800
Revenue (ttm)	US$ in thousands	14,802,700	14,696,900	14,896,600	15,104,200	15,433,700	14,382,600	12,922,800	11,556,700	9,837,800	9,417,000	8,856,300	7,717,400	7,131,800	6,791,800	6,788,400	7,146,800	7,210,300	7,100,500	7,015,900	6,936,000
Gross profit margin		18.62%	19.19%	19.57%	19.89%	20.09%	20.20%	20.25%	20.00%	19.34%	18.39%	17.93%	17.28%	17.15%	16.97%	16.35%	16.26%	16.21%	16.18%	16.16%	16.10%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,755,800K ÷ $14,802,700K
= 18.62%

Asbury Automotive Group Inc's gross profit margin has shown a declining trend in recent quarters, decreasing from 20.09% in Q4 2022 to 18.62% in Q4 2023. This indicates that the company's profitability in terms of gross profit generated from its revenue has been decreasing over time. While the gross profit margin fluctuated slightly between quarters, it generally decreased throughout the periods presented. It would be important for the company to analyze the factors contributing to this decline in order to make strategic decisions to improve their profitability in the future.