Group 1 Automotive Inc (GPI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 19,934,300 | 17,873,700 | 16,222,100 | 13,481,900 | 10,851,800 |
| Total assets | US$ in thousands | 9,824,200 | 7,774,100 | 6,717,500 | 5,749,400 | 5,089,400 |
| Total asset turnover | 2.03 | 2.30 | 2.41 | 2.34 | 2.13 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $19,934,300K ÷ $9,824,200K
= 2.03
Group 1 Automotive Inc's total asset turnover has shown a general increasing trend over the past five years, rising from 2.13 in December 31, 2020, to 2.03 in December 31, 2024. This indicates that the company is generating more revenue relative to its total assets. The peak in total asset turnover was recorded at 2.41 on December 31, 2022, suggesting an efficient utilization of assets to generate sales. However, the slight decrease in 2023 and 2024 from the peak may indicate a need for the company to further optimize asset utilization strategies to maintain or improve efficiency in generating revenue. Overall, an upward trend in total asset turnover reflects favorable performance in effectively utilizing assets to generate sales.
Peer comparison
Dec 31, 2024