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.
Peer comparison
Dec 31, 2023