Asbury Automotive Group Inc (ABG)

Operating 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
Operating income (ttm)	US$ in thousands	953,400	1,131,500	1,180,400	1,228,200	1,272,500	1,206,000	1,093,400	976,300	791,800	690,200	608,300	472,100	370,800	315,400	278,500	282,200	325,000	323,200	321,800	315,500
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
Operating profit margin		6.44%	7.70%	7.92%	8.13%	8.24%	8.39%	8.46%	8.45%	8.05%	7.33%	6.87%	6.12%	5.20%	4.64%	4.10%	3.95%	4.51%	4.55%	4.59%	4.55%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $953,400K ÷ $14,802,700K
= 6.44%

Asbury Automotive Group Inc's operating profit margin has shown a decreasing trend over the past eight quarters. It decreased from 8.22% in Q4 2022 to 7.23% in Q4 2023. The company experienced a slight fluctuation in operating profit margin throughout the quarters, with the highest margin of 8.44% in Q2 2022. This indicates that the company's ability to generate profits from its core operations has slightly weakened over time. Further analysis and comparison with industry benchmarks may provide additional insights into Asbury Automotive Group Inc's operational efficiency and profitability.