Asbury Automotive Group Inc (ABG)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	602,500	900,200	936,000	941,000	997,300	784,600	726,600	677,300	532,400	481,000	430,200	327,700	254,400	208,900	157,700	163,000	184,400	181,200	180,500	168,800
Total assets	US$ in thousands	10,159,400	8,255,000	8,165,900	8,182,800	8,021,400	7,816,300	7,638,800	7,860,100	8,002,600	3,571,400	3,524,900	3,582,300	3,676,300	3,530,600	2,934,400	3,069,200	2,911,300	2,816,500	2,814,000	2,904,900
ROA		5.93%	10.90%	11.46%	11.50%	12.43%	10.04%	9.51%	8.62%	6.65%	13.47%	12.20%	9.15%	6.92%	5.92%	5.37%	5.31%	6.33%	6.43%	6.41%	5.81%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $602,500K ÷ $10,159,400K
= 5.93%

Asbury Automotive Group Inc's return on assets (ROA) has shown a fluctuating trend over the past eight quarters. The ROA started at 8.62% in Q1 2022 and generally increased, reaching its peak at 12.43% in Q4 2022. However, in the most recent quarters (Q3 2023 and Q4 2023), the ROA has decreased to 10.90% and 5.93% respectively.

The declining trend observed in the latest quarters may raise concerns about the company's ability to generate profits from its assets efficiently. It is important for Asbury Automotive Group Inc to closely monitor and improve its ROA to ensure sustainable profitability and value creation for its shareholders.