Group 1 Automotive Inc (GPI)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	19,934,500	18,868,300	18,352,000	18,214,200	17,873,700	17,462,600	16,920,900	16,507,600	16,222,000	15,642,700	14,988,500	14,543,600	13,709,200	13,209,800	12,740,300	11,171,200	10,852,000	10,973,200	11,051,800	11,926,190
Total assets	US$ in thousands	9,824,200	9,976,500	8,850,300	8,509,900	7,774,100	1,775,200	7,424,600	6,923,200	6,717,500	6,251,500	6,102,800	6,039,600	5,749,400	4,757,600	4,855,900	5,065,100	5,089,400	4,983,400	4,859,600	5,441,100
Total asset turnover		2.03	1.89	2.07	2.14	2.30	9.84	2.28	2.38	2.41	2.50	2.46	2.41	2.38	2.78	2.62	2.21	2.13	2.20	2.27	2.19

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $19,934,500K ÷ $9,824,200K
= 2.03

Group 1 Automotive Inc has experienced fluctuations in its total asset turnover ratio over the past few years. The total asset turnover ratio measures the company's efficiency in generating sales revenue relative to its total assets.

From March 31, 2020, to December 31, 2020, the total asset turnover ratio ranged between 2.13 and 2.27, indicating that the company was generating around $2.13 to $2.27 in sales for every dollar of total assets.

In the following years, the total asset turnover ratio exhibited some variability, reaching a peak of 9.84 on September 30, 2023, which is a significant surge compared to previous periods. This exceptionally high ratio suggests that the company generated a substantial amount of revenue relative to its total assets during that specific quarter.

Subsequently, the total asset turnover ratio declined to 1.89 on September 30, 2024, marking a considerable decrease from the peak in 2023. This drop may indicate a decline in sales performance relative to the company's assets.

Overall, Group 1 Automotive Inc's total asset turnover ratio has fluctuated over the years, showcasing both periods of efficiency and potential challenges in utilizing its assets effectively to generate sales revenue.