Asbury Automotive Group Inc (ABG)

Gross profit margin

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
Gross profit (ttm) US$ in thousands 2,892,600 2,798,500 2,772,900 2,773,600 2,738,600 2,820,900 2,915,200 3,004,900 3,100,700 2,904,900 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
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
Gross profit margin 16.83% 16.97% 17.41% 17.99% 18.50% 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%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,892,600K ÷ $17,188,300K
= 16.83%

Asbury Automotive Group Inc's gross profit margin has shown fluctuations over the periods from March 31, 2020, to December 31, 2024. The trend displays an increase from 16.26% in March 2020 to 20.25% in June 2022, indicating an improvement in efficiency and profitability in the company's core operations.

However, after June 2022, there was a slight decline in the gross profit margin, reaching 16.83% by December 31, 2024. This decline suggests potential challenges in maintaining profitability due to factors such as increasing costs of goods sold or pricing pressures in the automotive industry.

Overall, the upward trend seen until June 2022 reflects positively on Asbury Automotive Group Inc's ability to manage its costs effectively and generate higher profits from sales. The subsequent decline highlights the importance for the company to closely monitor and address factors impacting its gross profit margin to sustain profitability in the future.