Penske Automotive Group Inc (PAG)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 5,209,800 | 4,726,200 | 4,174,800 | 4,095,000 | 3,326,100 |
| ROE | 17.64% | 22.28% | 33.06% | 29.01% | 16.34% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $918,900K ÷ $5,209,800K
= 17.64%
Penske Automotive Group Inc's return on equity (ROE) has shown a positive trend over the years, increasing from 16.34% in December 2020 to 33.06% in December 2022. This indicates that the company has been effectively utilizing its shareholders' equity to generate profits. However, in December 2023, there was a slight decrease in ROE to 22.28%, which may suggest some challenges or changes in the company's operations during that period. By December 2024, the ROE had decreased further to 17.64%, indicating a potential decline in the company's profitability or efficiency in generating returns for its equity investors. Overall, Penske Automotive Group Inc's ROE performance has been relatively strong, but investors and analysts may want to closely monitor the company's financial health and performance to understand the factors driving these fluctuations in ROE over the years.
Peer comparison
Dec 31, 2024