Group 1 Automotive Inc (GPI)

Total asset turnover

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
Revenue (ttm) US$ in thousands 17,760,500 17,358,100 16,826,700 16,421,000 16,137,700 15,590,700 14,935,700 14,495,500 13,664,700 13,097,100 12,626,600 11,044,500 10,721,000 10,910,400 10,987,000 11,869,400 11,991,360 11,788,770 11,560,390 11,497,440
Total assets US$ in thousands 7,774,100 7,439,600 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 5,570,200 5,329,000 5,225,760 5,263,490
Total asset turnover 2.28 2.33 2.27 2.37 2.40 2.49 2.45 2.40 2.38 2.75 2.60 2.18 2.11 2.19 2.26 2.18 2.15 2.21 2.21 2.18

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $17,760,500K ÷ $7,774,100K
= 2.28

Group 1 Automotive, Inc.'s total asset turnover has displayed some fluctuations over the past eight quarters. The ratio measures the company's efficiency in generating sales revenue from its total assets. A higher total asset turnover indicates that the company is effectively utilizing its assets to generate revenue.

Looking at the data, we observe that the total asset turnover ranged from 2.28 to 2.47 over the quarters provided. There was a general downward trend from Q4 2022 to Q2 2023, with the ratio declining from 2.41 to 2.28. However, the ratio rebounded in Q3 and Q4 of 2023, showing slight improvements.

Overall, the trend in total asset turnover suggests that Group 1 Automotive, Inc. has been relatively efficient in utilizing its assets to generate revenue. The fluctuations in the ratio indicate potential changes in the company's asset management and sales generation strategies over the analyzed period. Further analysis of operational and financial performance metrics will provide a better understanding of the company's overall efficiency and effectiveness in asset utilization.