Asbury Automotive Group Inc (ABG)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 801,300 | 1,319,100 | 697,700 | 338,200 | 243,900 |
| Revenue | US$ in thousands | 14,802,700 | 15,433,800 | 9,837,700 | 7,131,800 | 7,210,300 |
| Pretax margin | 5.41% | 8.55% | 7.09% | 4.74% | 3.38% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $801,300K ÷ $14,802,700K
= 5.41%
The pretax margin of Asbury Automotive Group Inc has shown fluctuations over the past five years. The trend indicates an upward trajectory from 3.38% in 2019 to 5.41% in 2023, with some year-on-year variations. Although there was a decrease in 2020 compared to 2019, the company managed to improve its pretax margin significantly in 2021 and 2022. The declining trend observed in 2023 compared to the previous year might suggest the need for further analysis to understand the factors impacting the company's profitability before taxes. Generally, the pretax margin reflects the efficiency of Asbury Automotive Group Inc in generating profits before considering tax implications, and maintaining a healthy pretax margin is crucial for sustainable financial performance.
Peer comparison
Dec 31, 2023