Asbury Automotive Group Inc (ABG)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 575,300 | 801,300 | 1,319,100 | 697,700 | 338,100 |
| Revenue | US$ in thousands | 17,188,600 | 14,802,700 | 15,433,900 | 9,837,700 | 7,131,800 |
| Pretax margin | 3.35% | 5.41% | 8.55% | 7.09% | 4.74% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $575,300K ÷ $17,188,600K
= 3.35%
The pretax margin for Asbury Automotive Group Inc has shown variability over the past five years. In December 2020, the pretax margin was 4.74%, indicating that the company was generating $0.0474 in pretax profit for every dollar of sales.
By December 2021, the pretax margin improved to 7.09%, reflecting a more efficient operation and an increase in profitability. This trend continued into December 2022, with the pretax margin further rising to 8.55%, signaling robust financial performance.
However, in December 2023, the pretax margin declined to 5.41%, suggesting a potential decrease in operational efficiency or an increase in expenses relative to revenue. This was followed by a notable decrease in December 2024, where the pretax margin dropped to 3.35%.
Overall, while there have been fluctuations in the pretax margin of Asbury Automotive Group Inc over the period analyzed, it is essential for investors and stakeholders to monitor the company's operational efficiency and profitability to assess its financial health and sustainability.
Peer comparison
Dec 31, 2024