Asbury Automotive Group Inc (ABG)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 602,500 | 997,300 | 532,400 | 254,400 | 184,400 |
| Revenue | US$ in thousands | 14,802,700 | 15,433,800 | 9,837,700 | 7,131,800 | 7,210,300 |
| Net profit margin | 4.07% | 6.46% | 5.41% | 3.57% | 2.56% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $602,500K ÷ $14,802,700K
= 4.07%
The net profit margin of Asbury Automotive Group Inc has shown varying trends over the past five years. In 2023, the net profit margin decreased to 4.07% from 6.46% in 2022, indicating a decline in the company's ability to convert revenue into profit. This downward trend contrasts with the positive momentum observed in the two preceding years, where the net profit margin increased from 3.57% in 2020 to 6.46% in 2022.
Despite the recent decrease, Asbury Automotive Group Inc's net profit margin in 2023 still surpasses the levels recorded in 2019 and 2020, reflecting an overall improvement in profitability over the five-year period. However, continuous monitoring of the net profit margin is recommended to assess the company's efficiency in managing costs and generating earnings from its operations.
Peer comparison
Dec 31, 2023