What is Asbury Automotive Group Return-on-Tangible-Asset?
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Asbury Automotive Group's annualizedNet Income for the quarter that ended in Dec. 2023 was $222 Mil. Asbury Automotive Group's average total tangible assets for the quarter that ended in Dec. 2023 was $5,363 Mil. Therefore, Asbury Automotive Group's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 4.14%.
The historical rank and industry rank for Asbury Automotive Group's Return-on-Tangible-Asset or its related term are showing as below:
ABG'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.78 Med: 7.99 Max: 22.58
Current: 11.67
During the past 13 years, Asbury Automotive Group's highest Return-on-Tangible-Asset was 22.58%. The lowest was 5.78%. And the median was 7.99%.
ABG's Return-on-Tangible-Asset is ranked better than 91.77% of 1300
companies
in the Vehicles & Parts industry
Industry Median: 3.475
vs ABG: 11.67
Asbury Automotive Group Return-on-Tangible-Asset Historical Data
The historical data trend for Asbury Automotive Group's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Asbury Automotive Group Return-on-Tangible-Asset Chart
Competitive Comparison of Asbury Automotive Group's Return-on-Tangible-Asset
For the Auto & Truck Dealerships subindustry, Asbury Automotive Group's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Asbury Automotive Group's Return-on-Tangible-Asset Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Asbury Automotive Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Asbury Automotive Group's Return-on-Tangible-Asset falls into.
Asbury Automotive Group Return-on-Tangible-Asset Calculation
Asbury Automotive Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Dec. 2023) net income data.
Asbury Automotive Group (NYSE:ABG) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Asbury Automotive Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of Asbury Automotive Group's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Asbury Automotive Group (Asbury Automotive Group) Business Description
Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 138 new-vehicle stores, seven used-vehicle stores, and 32 collision centers. Over 70% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products and its own F&I products via Total Care Auto. Asbury operates in 14 states (mostly Texas, the West, and the Southeast). Asbury store brands include David McDavid and Park Place in Texas, and the Larry H. Miller brand in the Western U.S. It plans to acquire Koons in the Washington, D.C. area in late 2023 or early 2024. Asbury generated $15.4 billion of revenue in 2022 and is based in the Atlanta area. The firm targets about $32 billion in 2025.
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