Asbury Automotive Group (Asbury Automotive Group) Days Payable : 11.62 (As of Mar. 2024)

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What is Asbury Automotive Group Days Payable?

Asbury Automotive Group's average Accounts Payable for the three months ended in Mar. 2024 was $440 Mil. Asbury Automotive Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $3,451 Mil. Hence, Asbury Automotive Group's Days Payable for the three months ended in Mar. 2024 was 11.62.

The historical rank and industry rank for Asbury Automotive Group's Days Payable or its related term are showing as below:

ABG' s Days Payable Range Over the Past 10 Years
Min: 4.58 Med: 5.23 Max: 16.44
Current: 16.44

During the past 13 years, Asbury Automotive Group's highest Days Payable was 16.44. The lowest was 4.58. And the median was 5.23.

ABG's Days Payable is ranked worse than
95.17% of 1263 companies
in the Vehicles & Parts industry
Industry Median: 65.94 vs ABG: 16.44

Asbury Automotive Group's Days Payable declined from Mar. 2023 (12.96) to Mar. 2024 (11.62). It may suggest that Asbury Automotive Group accelerated paying its suppliers.

Asbury Automotive Group Days Payable Historical Data

The historical data trend for Asbury Automotive Group's Days Payable 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 Days Payable Chart

Asbury Automotive Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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4.94

5.54

6.01

4.61

4.59

Asbury Automotive Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															12.96	20.48	19.66	11.01	11.62

Competitive Comparison of Asbury Automotive Group's Days Payable

For the Auto & Truck Dealerships subindustry, Asbury Automotive Group's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Asbury Automotive Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Asbury Automotive Group's Days Payable falls into.

Asbury Automotive Group Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Asbury Automotive Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (147.4	+	155.6)	/	2 )	/	12046.9	*	365
=	151.5					/	12046.9	*	365
=	4.59

Asbury Automotive Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (155.6	+	723.6)	/	2 )	/	3451.3	*	365 / 4
=	439.6					/	3451.3	*	365 / 4
=	11.62

Asbury Automotive Group Days Payable Related Terms

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Asbury Automotive Group (Asbury Automotive Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Asbury Automotive Group Inc (NYSE:ABG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AWG:Germany

Address

2905 Premiere Parkway North West, Suite 300, Duluth, GA, USA, 30097

Website

https://www.asburyauto.com

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.

Executives

Daniel Clara	officer: SVP, Operations	C/O ASBURY AUTOMOTIVE GROUP, 2905 PREMIERE PKWY, STE 300, DULUTH GA 30097
Philip F Maritz	director	C/O ASBURY AUTOMOTIVE GROUP, 2905 PREMIERE PKWY, STE 300, DULUTH GA 30097
George A Villasana	officer: VP & General Counsel	2905 PREMIERE PARKWAY, SUITE 300, DULUTH GA 30097
Miran Maric	officer: SVP, Strategy & Innovation	C/O ASBURY AUTOMOTIVE GROUP, 2905 PREMIERE PKWY, SUITE 300, DULUTH GA 30097
Bridget Ryan Berman	director	161 FALCON ROAD, GUILFORD CT 06437
David W Hult	officer: EVP & COO	800 GESSNER, SUITE 500, HOUSTON TX 77024
Jed Milstein	officer: VP & CHRO	2905 PREMIERE PARKWAY, SUITE 300, DULUTH GA 30097
Nathan Edward Briesemeister	officer: VP, Controller & CAO	C/O ASBURY AUTOMOTIVE GROUP, 2905 PREMIERE PKWY, SUITE 300, DULUTH GA 30097
Terry Hilliard C. Iii	director	ONE SW COLUMBIA ST STE 1200, PORTLAND OR 97258
Michael Welch	officer: SVP & CFO	C/O ASBURY AUTOMOTIVE GROUP, 2905 PREMIERE PKWY, SUITE 300, DULUTH GA 30097
David C Abrams	10 percent owner	222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116
Abrams Capital Partners Ii, L.p.	10 percent owner	222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116
Abrams Capital, Llc	10 percent owner	222 BERKELEY ST., 21ST FLOOR, BOSTON MA 02116
Abrams Capital Management, L.p.	10 percent owner	222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116
Abrams Capital Management, Llc	10 percent owner	222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116