Penske Automotive Group Inc (PAG)
Total 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 |
| Total assets | US$ in thousands | 16,720,900 | 15,671,500 | 14,114,600 | 13,464,600 | 13,247,200 |
| Total asset turnover | 1.82 | 1.88 | 1.97 | 1.90 | 1.54 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $30,455,200K ÷ $16,720,900K
= 1.82
The total asset turnover of Penske Automotive Group Inc has shown a generally positive trend over the past five years. It increased from 1.54 in December 31, 2020, to 1.90 in December 31, 2021, further rising to 1.97 in December 31, 2022.
However, in December 31, 2023, there was a slight decrease to 1.88, followed by a modest decline to 1.82 in December 31, 2024. Despite the minor fluctuations in recent years, the company's ability to generate sales from its total assets remains relatively strong.
The overall pattern suggests that Penske Automotive Group Inc has been effectively utilizing its assets to generate revenue, indicating operational efficiency. However, it may be worth further investigation into the recent decline to understand the underlying factors impacting the total asset turnover.
Peer comparison
Dec 31, 2024