Penske Automotive Group Inc (PAG)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,013,300 | 4,933,800 | 4,838,800 | 4,440,800 | 3,184,500 |
| Revenue | US$ in thousands | 30,455,200 | 29,527,400 | 27,814,800 | 25,554,700 | 20,443,900 |
| Gross profit margin | 16.46% | 16.71% | 17.40% | 17.38% | 15.58% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,013,300K ÷ $30,455,200K
= 16.46%
Penske Automotive Group Inc's gross profit margin has shown a generally positive trend over the years, increasing from 15.58% as of December 31, 2020, to 17.38% as of December 31, 2021, and further to 17.40% as of December 31, 2022. However, there was a slight dip in the margin to 16.71% as of December 31, 2023, followed by a further decrease to 16.46% as of December 31, 2024.
The company's gross profit margin measures the proportion of revenue that exceeds the cost of goods sold, indicating the efficiency of its production and pricing strategies. The fluctuations in the gross profit margin may be influenced by various factors such as changes in the cost of goods, pricing decisions, competition, and economic conditions. It is important for investors and stakeholders to monitor the trend in the gross profit margin to assess the company's operational performance and competitiveness in the market.
Peer comparison
Dec 31, 2024