Is Asbury Automotive Group, Inc.'s (NYSE:ABG) 19% ROE Strong Compared To Its Industry? [Yahoo! Finance]
Asbury Automotive Group Inc (ABG)
Last asbury automotive group inc earnings: 2/3 07:00 am
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US:NYSE Investor Relations:
asburyauto.com/company/investor-relations
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Source: Yahoo! Finance
By way of learning-by-doing, we'll look at ROE to gain a better understanding of Asbury Automotive Group, Inc. ( NYSE:ABG Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Put another way, it reveals the company's success at turning shareholder investments into profits. See our latest analysis for Asbury Automotive Group How Is ROE Calculated? Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Asbury Automotive Group is: 19% = US$603m ÷ US$3.2b (Based on the trailing twelve months to December 2023). The 'return' is the yearly profit. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.19. Does Asbury Automotive Group Have A Good Return On Equity? Arguably the easiest way to assess company's ROE is to compare it with the
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ABG
News
- Asbury Automotive (ABG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Asbury Automotive Group Reports Record $4.2 Billion in RevenueBusiness Wire
- Asbury Automotive Announces Chief Legal Officer George Villasana to Retire [Yahoo! Finance]Yahoo! Finance
- Asbury Automotive Announces Chief Legal Officer George Villasana to RetireBusiness Wire
- Asbury Automotive Group Releases 2023 Corporate Responsibility Report [Yahoo! Finance]Yahoo! Finance
ABG
Earnings
- 4/25/24 - Miss
ABG
Sec Filings
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/19/24 - Form 8-K
- ABG's page on the SEC website