Penske Automotive Group Inc (PAG)
Working capital 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 current assets | US$ in thousands | 5,927,800 | 6,178,800 | 6,079,200 | 5,810,600 | 5,679,700 | 4,978,600 | 5,086,400 | 4,822,900 | 4,664,200 | 4,210,300 | 4,132,300 | 4,265,900 | 4,075,400 | 3,576,700 | 4,142,300 | 4,358,900 | 4,408,800 | 4,349,400 | 4,418,400 | 5,396,100 |
| Total current liabilities | US$ in thousands | 6,485,900 | 6,754,300 | 6,172,900 | 5,910,100 | 5,657,900 | 4,949,100 | 5,068,500 | 4,760,900 | 4,713,100 | 4,313,400 | 4,214,800 | 4,413,200 | 4,274,600 | 3,836,700 | 4,402,500 | 4,588,700 | 4,674,900 | 4,108,500 | 4,689,500 | 5,229,300 |
| Working capital turnover | — | — | — | — | 1,354.47 | 992.11 | 1,605.59 | 454.49 | — | — | — | — | — | — | — | — | — | 85.15 | — | 135.57 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $30,455,200K ÷ ($5,927,800K – $6,485,900K)
= —
The working capital turnover ratio reflects how efficiently Penske Automotive Group Inc is utilizing its working capital to generate sales revenue. A higher ratio indicates better efficiency in managing its working capital.
Based on the provided data, the working capital turnover ratio of Penske Automotive Group Inc has shown fluctuations over the reported periods. In March 2020, the ratio was exceptionally high at 135.57, indicating that the company was generating substantial sales relative to its working capital at that time.
However, there is missing data for several periods throughout the following years up to December 2024, which limits a comprehensive analysis of the trend. The ratios reported in June 2023, September 2023, and December 2023 show significant improvements, suggesting enhanced efficiency in working capital management during those periods.
It is important to note the significant increase in the working capital turnover ratio from March 2023 to June 2023, jumping from 454.49 to 1,605.59, indicating a substantial improvement in efficiency in utilizing working capital to drive sales.
Overall, a detailed analysis of the working capital turnover ratio for Penske Automotive Group Inc should consider further data points to provide a more comprehensive understanding of the company's working capital efficiency over time.
Peer comparison
Dec 31, 2024