Group 1 Automotive Inc (GPI)

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	601,500	649,700	681,500	706,900	751,400	681,600	658,000	653,100	552,100	565,100	519,400	358,600	286,500	234,500	146,100	165,100	173,900	156,500	153,300	160,600
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
ROA		7.74%	8.73%	9.18%	10.21%	11.19%	10.90%	10.78%	10.81%	9.60%	11.88%	10.70%	7.08%	5.63%	4.71%	3.01%	3.03%	3.12%	2.94%	2.93%	3.05%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $601,500K ÷ $7,774,100K
= 7.74%

Group 1 Automotive, Inc.'s return on assets (ROA) has shown a declining trend over the past few quarters. ROA decreased from 10.87% in Q4 2022 to 7.55% in Q4 2023, indicating a potential decrease in the company's efficiency in generating profits from its assets. Despite slight fluctuations in between, the overall trend points towards a decrease in ROA. This downward trend may suggest that the company is becoming less effective in utilizing its assets to generate profits. Further analysis and investigation into the company's operations and financial performance may be necessary to understand the reasons behind this declining ROA.