Penske Automotive Group Inc (PAG)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 30,455,200 | 29,527,400 | 27,814,800 | 25,554,700 | 20,443,900 |
| Property, plant and equipment | US$ in thousands | — | — | 2,496,500 | 4,893,600 | 2,404,400 |
| Fixed asset turnover | — | — | 11.14 | 5.22 | 8.50 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $30,455,200K ÷ $—K
= —
The fixed asset turnover ratio for Penske Automotive Group Inc experienced fluctuations over the years based on the provided data.
- In December 31, 2020, the fixed asset turnover ratio was 8.50, indicating that the company generated $8.50 in revenue for every dollar invested in fixed assets during that period.
- By December 31, 2021, the fixed asset turnover ratio decreased to 5.22, suggesting a decline in the efficiency of utilizing fixed assets to generate revenue.
- However, there was a significant improvement in December 31, 2022, with the fixed asset turnover ratio increasing to 11.14, signifying that the company generated $11.14 in revenue for every dollar invested in fixed assets.
- Unfortunately, there is no data available for December 31, 2023 and December 31, 2024, which makes it challenging to assess the trend in fixed asset turnover for those years.
In general, a higher fixed asset turnover ratio indicates better efficiency in utilizing fixed assets to generate sales, while a lower ratio may signify underutilization or inefficient management of fixed assets. It is crucial for Penske Automotive Group Inc to consistently monitor and improve its fixed asset turnover ratio to optimize its asset utilization and enhance overall financial performance.
Peer comparison
Dec 31, 2024