Penske Automotive Group Inc (PAG)
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 | 30,455,200 | 30,007,400 | 29,864,400 | 29,636,200 | 29,527,400 | 29,267,100 | 28,740,000 | 28,178,400 | 27,814,800 | 27,099,100 | 26,675,700 | 26,756,300 | 25,554,700 | 25,070,700 | 24,545,000 | 21,208,600 | 20,443,900 | 20,513,200 | 20,509,200 | 22,613,900 |
| Total assets | US$ in thousands | 16,720,900 | 17,065,400 | 16,633,500 | 16,146,500 | 16,401,300 | 14,810,000 | 14,796,900 | 14,395,800 | 14,114,600 | 13,588,100 | 13,504,100 | 13,665,900 | 13,464,600 | 12,719,300 | 13,306,800 | 13,222,000 | 13,247,200 | 13,009,700 | 12,876,100 | 13,816,800 |
| Total asset turnover | 1.82 | 1.76 | 1.80 | 1.84 | 1.80 | 1.98 | 1.94 | 1.96 | 1.97 | 1.99 | 1.98 | 1.96 | 1.90 | 1.97 | 1.84 | 1.60 | 1.54 | 1.58 | 1.59 | 1.64 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $30,455,200K ÷ $16,720,900K
= 1.82
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. Penske Automotive Group Inc's total asset turnover has shown some fluctuations over the period provided.
From March 31, 2020, to June 30, 2022, the total asset turnover ratio generally increased, reaching its peak at 1.99 on September 30, 2022. This indicates that the company was able to generate more revenue for each dollar of assets during this period.
However, from December 31, 2022, to December 31, 2024, the total asset turnover ratio decreased, dropping to 1.76 on September 30, 2024. This could suggest a decline in the company's ability to efficiently utilize its assets to generate sales revenue.
Overall, Penske Automotive Group Inc's total asset turnover ratio has shown some variability, but it is important to further investigate the reasons behind these fluctuations to assess the company's operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2024