Asbury Automotive Group Inc (ABG)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 430,300 | 602,500 | 997,300 | 532,400 | 254,400 |
| Total assets | US$ in thousands | 10,337,000 | 10,159,400 | 8,021,400 | 8,002,600 | 3,676,300 |
| ROA | 4.16% | 5.93% | 12.43% | 6.65% | 6.92% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $430,300K ÷ $10,337,000K
= 4.16%
Asbury Automotive Group Inc's Return on Assets (ROA) has exhibited some fluctuations over the years based on the provided data. As of December 31, 2020, the ROA stood at 6.92%, indicating that the company generated a return of 6.92% on its total assets during that period.
Subsequently, the ROA decreased slightly to 6.65% as of December 31, 2021, suggesting a slight dip in the company's efficiency in generating profits from its assets. However, there was a significant improvement in ROA to 12.43% by December 31, 2022, indicating a substantial increase in profitability relative to the assets employed.
The performance regressed in the following years, with the ROA declining to 5.93% as of December 31, 2023, and further dropping to 4.16% by December 31, 2024. These reductions in ROA may suggest challenges or inefficiencies in the company's asset utilization or overall profitability during these periods.
Overall, while Asbury Automotive Group Inc experienced fluctuations in its ROA, investors and stakeholders should monitor these trends closely to assess the company's ability to generate profits from its assets efficiently and sustainably.
Peer comparison
Dec 31, 2024