Should You Be Concerned About Asbury Automotive Group, Inc.'s (NYSE:ABG) ROE? [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
NYSE:ABG ), by way of a worked example. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. How To Calculate Return On Equity? ROE 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: 12% = US$400m ÷ US$3.3b (Based on the trailing twelve months to June 2024). The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.12 in profit. Does Asbury Automotive Group Have A Good Return On Equity? One simple way to determine if a company has a good return on equity is to compare it to the average for it
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ABG
News
- Asbury Automotive Group Named to Newsweek's World's Most Trustworthy Companies 2024 [Yahoo! Finance]Yahoo! Finance
- Asbury Automotive Group Named to Newsweek’s World’s Most Trustworthy Companies 2024Business Wire
- Asbury Automotive Group Elects New Director to Its BoardBusiness Wire
- New Strong Sell Stocks for November 13th [Yahoo! Finance]Yahoo! Finance
- Asbury Automotive Group, Inc. (NYSE: ABG) was downgraded by analysts at Seaport Res Ptn from a "strong-buy" rating to a "hold" rating.MarketBeat
ABG
Earnings
- 10/29/24 - Miss
ABG
Sec Filings
- 11/19/24 - Form 8-K
- 11/8/24 - Form 4
- 10/31/24 - Form SC
- ABG's page on the SEC website