Penske Automotive Group Inc (PAG)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	4,933,800	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	3,455,500	3,397,100	3,380,000	3,402,000
Revenue (ttm)	US$ in thousands	29,451,800	29,195,100	28,674,800	28,137,700	27,795,800	27,098,900	26,694,800	26,777,500	25,577,100	25,052,000	24,527,000	21,190,400	20,425,800	20,532,600	20,522,100	22,620,300	23,169,200	22,727,100	22,418,100	22,602,600
Gross profit margin		16.75%	16.88%	17.07%	17.27%	17.41%	17.84%	18.03%	17.77%	17.36%	16.61%	16.11%	15.67%	15.59%	15.35%	14.94%	14.95%	14.91%	14.95%	15.08%	15.05%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,933,800K ÷ $29,451,800K
= 16.75%

Penske Automotive Group Inc's gross profit margin has shown a range of values over the past eight quarters, varying from a high of 18.04% in Q2 2022 to a low of 16.71% in Q4 2023. The trend indicates some fluctuations but overall has been relatively stable. The company's ability to generate gross profit has been relatively consistent, with slight declines seen in recent quarters. Further analysis would be needed to understand the specific factors contributing to these variations and to assess the overall financial health and efficiency of the company.