Asbury Historical Income Statement
ABG Stock | USD 259.83 0.20 0.08% |
Historical analysis of Asbury Automotive income statement accounts such as Interest Expense of 174 M, Selling General Administrative of 1.6 B or Total Revenue of 15.5 B can show how well Asbury Automotive Group performed in making a profits. Evaluating Asbury Automotive income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Asbury Automotive's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Asbury Automotive latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Asbury Automotive is a good buy for the upcoming year.
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About Asbury Income Statement Analysis
Asbury Automotive Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Asbury Automotive shareholders. The income statement also shows Asbury investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Asbury Automotive Income Statement Chart
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Gross Profit
Gross profit is a required income statement account that reflects total revenue of Asbury Automotive Group minus its cost of goods sold. It is profit before Asbury Automotive operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Asbury Automotive. It is also known as Asbury Automotive overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Asbury Automotive financial statement analysis. It represents the amount of money remaining after all of Asbury Automotive Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Most accounts from Asbury Automotive's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Asbury Automotive current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asbury Automotive Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. At this time, Asbury Automotive's Total Revenue is most likely to increase significantly in the upcoming years. The Asbury Automotive's current Gross Profit is estimated to increase to about 2.9 B, while Total Operating Expenses is projected to decrease to roughly 974.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.9B | 3.1B | 2.8B | 2.9B | Total Revenue | 9.8B | 15.4B | 14.8B | 15.5B |
Asbury Automotive income statement Correlations
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Asbury Automotive Account Relationship Matchups
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Asbury Automotive income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 43.3M | 38.5M | 41.9M | 94.3M | 67.7M | 34.8M | |
Interest Expense | 92.8M | 74.4M | 102.1M | 160.6M | 165.7M | 174.0M | |
Selling General Administrative | 643.3M | 635M | 852.4M | 1.4B | 1.6B | 1.6B | |
Total Revenue | 7.2B | 7.1B | 9.8B | 15.4B | 14.8B | 15.5B | |
Gross Profit | 1.2B | 1.2B | 1.9B | 3.1B | 2.8B | 2.9B | |
Other Operating Expenses | 6.9B | 6.7B | 9.0B | 14.2B | 13.8B | 14.5B | |
Operating Income | 325M | 370.8M | 791.8M | 1.3B | 953.5M | 1.0B | |
Ebit | 325M | 410M | 804.5M | 1.2B | 959.1M | 1.0B | |
Ebitda | 368.3M | 448.5M | 846.4M | 1.3B | 1.0B | 1.1B | |
Cost Of Revenue | 6.0B | 5.9B | 7.9B | 12.3B | 12.0B | 12.6B | |
Total Operating Expenses | 836.8M | 829.6M | 1.1B | 1.8B | 1.8B | 974.7M | |
Income Before Tax | 243.9M | 338.1M | 697.7M | 1.3B | 801.3M | 841.4M | |
Total Other Income Expense Net | (81.1M) | (32.7M) | (94.1M) | 46.5M | (152.2M) | (144.6M) | |
Net Income | 184.4M | 254.4M | 532.4M | 997.3M | 602.5M | 632.6M | |
Income Tax Expense | 59.5M | 83.7M | 165.3M | 321.8M | 198.8M | 208.7M | |
Net Income Applicable To Common Shares | 184.4M | 254.4M | 532.4M | 997.3M | 1.1B | 1.2B | |
Net Income From Continuing Ops | 184.4M | 254.4M | 532.4M | 997.3M | 900.2M | 945.2M | |
Selling And Marketing Expenses | 156.5M | 146.9M | 221.5M | 339.9M | 47.5M | 45.1M | |
Tax Provision | 59.5M | 83.7M | 165.3M | 321.8M | 290M | 153.0M | |
Interest Income | 92.8M | 74.4M | 102.1M | 160.7M | 184.8M | 100.8M | |
Net Interest Income | (92.8M) | (74.4M) | (102.1M) | (160.6M) | (157.6M) | (165.5M) | |
Reconciled Depreciation | 59.8M | 60.3M | 41.9M | 69M | 66M | 64.1M |
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When determining whether Asbury Automotive is a strong investment it is important to analyze Asbury Automotive's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Asbury Automotive's future performance. For an informed investment choice regarding Asbury Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asbury Automotive Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Automotive Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Asbury Automotive. If investors know Asbury will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Asbury Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.22) | Earnings Share 17.81 | Revenue Per Share 815.614 | Quarterly Revenue Growth 0.156 | Return On Assets 0.0663 |
The market value of Asbury Automotive is measured differently than its book value, which is the value of Asbury that is recorded on the company's balance sheet. Investors also form their own opinion of Asbury Automotive's value that differs from its market value or its book value, called intrinsic value, which is Asbury Automotive's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Asbury Automotive's market value can be influenced by many factors that don't directly affect Asbury Automotive's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Asbury Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asbury Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asbury Automotive's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.