Asbury Automotive Group Inc (ABG)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 835,600 | 1,074,800 | 1,272,600 | 791,800 | 370,800 |
| Total assets | US$ in thousands | 10,337,000 | 10,159,400 | 8,021,400 | 8,002,600 | 3,676,300 |
| Operating ROA | 8.08% | 10.58% | 15.87% | 9.89% | 10.09% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $835,600K ÷ $10,337,000K
= 8.08%
Asbury Automotive Group Inc's operating return on assets (ROA) measures the company's ability to generate earnings from its operational assets. The operating ROA for Asbury Automotive Group Inc fluctuated over the years, starting at 10.09% on December 31, 2020, then slightly decreasing to 9.89% by December 31, 2021. However, the metric saw a significant improvement by December 31, 2022, reaching 15.87%, indicating a stronger operational efficiency and profitability.
Subsequently, there was a slight decline in operating ROA to 10.58% by December 31, 2023, possibly due to changes in business operations or economic conditions. Finally, by December 31, 2024, the operating ROA further declined to 8.08%, suggesting potential challenges in asset utilization or profitability.
Overall, the trend in Asbury Automotive Group Inc's operating ROA reflects ups and downs in the company's ability to generate earnings from its operational assets, highlighting the importance of monitoring efficiency and profitability in asset management.
Peer comparison
Dec 31, 2024