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Penske Automotive Group Gross Profit

: $3,153 Mil (TTM As of Sep. 2020)
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Penske Automotive Group's gross profit for the three months ended in Sep. 2020 was $957 Mil. Penske Automotive Group's gross profit for the trailing twelve months (TTM) ended in Sep. 2020 was $3,153 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Penske Automotive Group's gross profit for the three months ended in Sep. 2020 was $957 Mil. Penske Automotive Group's Revenue for the three months ended in Sep. 2020 was $5,972 Mil. Therefore, Penske Automotive Group's Gross Margin % for the quarter that ended in Sep. 2020 was 16.02%.

Penske Automotive Group had a gross margin of 16.02% for the quarter that ended in Sep. 2020 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Penske Automotive Group was 15.94%. The lowest was 14.75%. And the median was 15.03%.

Penske Automotive Group Gross Profit Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Penske Automotive Group Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,867.50 2,966.60 3,222.50 3,414.90 3,455.50

Penske Automotive Group Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 869.70 866.50 776.70 552.90 956.50
Competitive Comparison
* 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.

Penske Automotive Group Gross Profit Distribution

* The bar in red indicates where Penske Automotive Group's Gross Profit falls into.


Penske Automotive Group Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Penske Automotive Group's Gross Profit for the fiscal year that ended in Dec. 2019 is calculated as

Gross Profit (A: Dec. 2019 )=Revenue - Cost of Goods Sold
=23179.4 - 19723.9
=3,456

Penske Automotive Group's Gross Profit for the quarter that ended in Sep. 2020 is calculated as

Gross Profit (Q: Sep. 2020 )=Revenue - Cost of Goods Sold
=5971.6 - 5015.1
=957

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2020 was 866.5 (Dec. 2019 ) + 776.7 (Mar. 2020 ) + 552.9 (Jun. 2020 ) + 956.5 (Sep. 2020 ) = $3,153 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Penske Automotive Group's Gross Margin % for the quarter that ended in Sep. 2020 is calculated as

Gross Margin % (Q: Sep. 2020 )=Gross Profit (Q: Sep. 2020 ) / Revenue (Q: Sep. 2020 )
=(Revenue - Cost of Goods Sold) / Revenue
=957 / 5971.6
=16.02 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Penske Automotive Group  (NYSE:PAG) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Penske Automotive Group had a gross margin of 16.02% for the quarter that ended in Sep. 2020 => No sustainable competitive advantage

Penske Automotive Group Gross Profit Related Terms

Penske Automotive Group Gross Profit Headlines

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