Penske Automotive Group Inc (PAG)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,936,900 | 4,826,600 | 4,803,800 | 4,851,300 | 4,896,200 | 4,928,900 | 4,895,400 | 4,859,400 | 4,838,800 | 4,834,800 | 4,813,600 | 4,759,300 | 4,440,800 | 4,160,000 | 3,950,800 | 3,321,000 | 3,184,500 | 3,152,600 | 3,065,800 | 3,380,700 |
| 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 |
| Gross profit margin | 16.21% | 16.08% | 16.09% | 16.37% | 16.58% | 16.84% | 17.03% | 17.25% | 17.40% | 17.84% | 18.04% | 17.79% | 17.38% | 16.59% | 16.10% | 15.66% | 15.58% | 15.37% | 14.95% | 14.95% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,936,900K ÷ $30,455,200K
= 16.21%
Penske Automotive Group Inc's gross profit margin has shown a generally upward trend over the analyzed period, starting at 14.95% as of March 31, 2020 and reaching 16.21% by December 31, 2024. The company has managed to improve its gross profit margin consistently, with occasional fluctuations along the way. Notably, there was a significant increase from September 30, 2021 to December 31, 2021, where the margin rose from 16.59% to 17.38%, indicating improved efficiency in generating sales revenue.
Although the gross profit margin experienced a minor decline in some quarters, such as from June 30, 2023 to September 30, 2023, the overall trend remained positive. The latest reported margin of 16.21% as of December 31, 2024, indicates that Penske Automotive Group Inc has been successful in controlling its direct costs associated with goods sold, enhancing profitability. Investors and stakeholders may view this improvement positively as it represents the company's ability to generate profit from its core business operations.
Peer comparison
Dec 31, 2024