Returns On Capital Signal Tricky Times Ahead For Asbury Automotive Group (NYSE:ABG) [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
Company Research
Source: Yahoo! Finance
Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Having said that, from a first glance at Asbury Automotive Group NYSE:ABG ) we aren't jumping out of our chairs at how returns are trending, but let's have a deeper look. Understanding Return On Capital Employed (ROCE) For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Asbury Automotive Group: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.15 = US$1.1b ÷ (US$10b - US$2.9b) (Based on the trailing twelve months to December 2023) So, Asbury Automotive Group has an ROCE of 15%. In absolute term
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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