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0 0 0 0 6.21156593576676E-05 0.00627368159513008 0.00627368159513008 0.0124852475309025
Stock impact report

Penske Automotive Group, Inc. (NYSE:PAG) Has A ROE Of 18% [Yahoo! Finance]

Penske Automotive Group, Inc. (PAG) 
Last penske automotive group, inc. earnings: 2/5 06:59 am Check Earnings Report
US:NYSE Investor Relations: investors.penskeautomotive.com
Company Research Source: Yahoo! Finance
NYSE:PAG Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. How Do You Calculate Return On Equity? The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Penske Automotive Group is: 18% = US$916m ÷ US$5.0b (Based on the trailing twelve months to June 2024). The 'return' is the profit over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.18 in profit. Does Penske Automotive Group Have A Good ROE? By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. However, this method is only useful as a rough check, because companies do differ quite a bit within the same industry Show less Read more
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