Asbury Automotive Group Inc (ABG)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 801,300 | 1,190,200 | 1,237,300 | 1,243,900 | 1,319,100 | 1,038,300 | 958,000 | 892,100 | 697,800 | 634,000 | 569,100 | 433,500 | 338,200 | 275,500 | 207,100 | 214,300 | 243,900 | 240,800 | 240,400 | 225,100 |
| 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 |
| Pretax margin | 5.41% | 8.10% | 8.31% | 8.24% | 8.55% | 7.22% | 7.41% | 7.72% | 7.09% | 6.73% | 6.43% | 5.62% | 4.74% | 4.06% | 3.05% | 3.00% | 3.38% | 3.39% | 3.43% | 3.25% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $801,300K ÷ $14,802,700K
= 5.41%
The pretax margin of Asbury Automotive Group Inc has exhibited some fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the pretax margin decreased to 5.41%, which represents a decline from the previous quarter's level of 8.10%. This decline could indicate potential challenges in controlling operating expenses or generating sufficient revenues to cover costs before taxes.
Compared to the same quarter in the previous year, Q4 2022, the pretax margin has also decreased, showing a downward trend from 8.55% to 5.41%. This suggests a potential decline in profitability performance year-over-year.
Over the eight quarters provided, the highest pretax margin was observed in Q4 2022 at 8.55%, while the lowest was recorded in Q4 2023 at 5.41%. This range indicates some variability in the company's ability to generate profits before accounting for taxes, which may be influenced by factors such as changes in revenues, operating expenses, or economic conditions.
Further analysis and investigation into the factors impacting the pretax margin of Asbury Automotive Group Inc would be necessary to understand the drivers behind these fluctuations and to assess the company's overall financial health and performance.
Peer comparison
Dec 31, 2023