Penske Automotive Group Inc (PAG)

Working capital 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 current assets US$ in thousands 5,927,800 5,679,700 4,664,200 4,075,400 4,408,800
Total current liabilities US$ in thousands 6,485,900 5,657,900 4,713,100 4,274,600 4,674,900
Working capital turnover 1,354.47

December 31, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $30,455,200K ÷ ($5,927,800K – $6,485,900K)
= —

The working capital turnover for Penske Automotive Group Inc for the year ended December 31, 2023, is 1,354.47. This indicates that the company generated $1,354.47 in net sales for every dollar of working capital invested during that period. A higher working capital turnover ratio suggests that the company is efficient in managing its working capital, which includes assets and liabilities used in day-to-day operations. However, it is important to note that the absence of data for other years makes it challenging to assess the trend or compare the performance over multiple periods. To better understand the company's working capital efficiency, it would be beneficial to analyze additional financial metrics and trends over time.