Penske Automotive Group Inc (PAG)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 918,900 | 1,053,200 | 1,380,000 | 1,187,800 | 543,600 |
| Total assets | US$ in thousands | 16,720,900 | 15,671,500 | 14,114,600 | 13,464,600 | 13,247,200 |
| ROA | 5.50% | 6.72% | 9.78% | 8.82% | 4.10% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $918,900K ÷ $16,720,900K
= 5.50%
Penske Automotive Group Inc's Return on Assets (ROA) has shown fluctuations over the past five years.
- As of December 31, 2020, the ROA was at 4.10%, indicating that for every dollar of assets the company held, it generated a profit of 4.10 cents.
- The ROA increased significantly to 8.82% by December 31, 2021, suggesting improved efficiency in asset utilization and profitability.
- By December 31, 2022, the ROA further improved to 9.78%, showcasing a continued positive trend in generating earnings from its assets.
- However, there was a slight decline in ROA by December 31, 2023, where it stood at 6.72%, possibly due to changes in the company's asset base or profitability.
- Subsequently, by December 31, 2024, the ROA decreased to 5.50%, indicating a decline in the company's ability to generate profits relative to its assets compared to the previous year.
Overall, Penske Automotive Group Inc's ROA performance highlights both improvements and fluctuations in efficiently utilizing its assets to generate profits over the five-year period.
Peer comparison
Dec 31, 2024