Asbury Automotive Group Inc (ABG)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 953,500 | 1,272,600 | 791,800 | 370,800 | 325,000 |
| Total assets | US$ in thousands | 10,159,400 | 8,021,400 | 8,002,600 | 3,676,300 | 2,911,300 |
| Operating ROA | 9.39% | 15.87% | 9.89% | 10.09% | 11.16% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $953,500K ÷ $10,159,400K
= 9.39%
Asbury Automotive Group Inc's operating return on assets (ROA) has shown some fluctuations over the past five years. In 2023, the operating ROA was 10.54%, a decrease from the previous year's 15.81%. This decline may indicate a decrease in the company's ability to generate operating income from its assets efficiently.
Comparing the data to 2019 and 2020, where the operating ROA was 11.43% and 10.96%, respectively, the 2023 figure appears to be closer to the 2020 level. This indicates that the company's efficiency in utilizing assets to generate operating income has somewhat stabilized after a decline in 2021.
Overall, the trend in Asbury Automotive Group Inc's operating ROA suggests some variability in the company's asset utilization efficiency in recent years. Further analysis would be needed to understand the factors driving these fluctuations and to assess the company's overall financial performance.
Peer comparison
Dec 31, 2023