Asbury Other Operating Expenses vs Income Tax Expense Analysis
| ABG Stock | USD 258.66 7.09 2.67% |
Asbury Automotive financial indicator trend analysis is way more than just evaluating Asbury Automotive prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Asbury Automotive is a good investment. Please check the relationship between Asbury Automotive Other Operating Expenses and its Income Tax Expense accounts. 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.
Other Operating Expenses vs Income Tax Expense
Other Operating Expenses vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Asbury Automotive Other Operating Expenses account and Income Tax Expense. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Asbury Automotive's Other Operating Expenses and Income Tax Expense is 0.92. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of Asbury Automotive Group, assuming nothing else is changed. The correlation between historical values of Asbury Automotive's Other Operating Expenses and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of Asbury Automotive Group are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Other Operating Expenses i.e., Asbury Automotive's Other Operating Expenses and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | 0.92 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
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.Income Tax Expense
Most indicators from Asbury Automotive's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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 Enterprise Value Over EBITDA is most likely to drop in the upcoming years. The Asbury Automotive's current Enterprise Value Multiple is estimated to increase to 12.40, while Tax Provision is projected to decrease to roughly 153 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.9B | 3.1B | 2.7B | 2.8B | Total Revenue | 9.8B | 15.4B | 14.8B | 15.5B |
Asbury Automotive fundamental ratios Correlations
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Asbury Automotive Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Asbury Automotive fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.9B | 3.7B | 8.0B | 8.0B | 10.2B | 10.7B | |
| Total Stockholder Equity | 646.3M | 905.5M | 2.1B | 2.9B | 3.2B | 3.4B | |
| Common Stock Shares Outstanding | 21M | 20.3M | 19.3M | 20.1M | 22.4M | 23.1M | |
| Liabilities And Stockholders Equity | 2.9B | 3.7B | 8.0B | 8.0B | 10.2B | 10.7B | |
| Inventory | 985M | 875.2M | 718.4M | 959.2M | 1.8B | 1.9B | |
| Other Stockholder Equity | (445.7M) | (438.2M) | 234.5M | 218.4M | 221.1M | 130.7M | |
| Total Liab | 2.3B | 2.8B | 5.9B | 5.1B | 6.1B | 6.4B | |
| Total Current Assets | 1.6B | 1.4B | 1.9B | 1.9B | 3.1B | 3.2B | |
| Other Current Liab | 100.9M | 220.8M | 417.3M | 376.4M | 661.5M | 694.6M | |
| Total Current Liabilities | 1.2B | 1.2B | 1.6B | 1.0B | 2.9B | 3.0B | |
| Other Liab | 55.5M | 74.1M | 524.4M | 649.3M | 746.7M | 784.0M | |
| Accounts Payable | 81.7M | 97.6M | 163.9M | 147.4M | 155.6M | 163.4M | |
| Cash | 3.5M | 1.4M | 178.9M | 235.3M | 45.7M | 55.6M | |
| Long Term Debt | 907M | 1.2B | 3.5B | 3.2B | 3.1B | 3.3B | |
| Good Will | 201.7M | 562.2M | 2.3B | 1.8B | 2.0B | 2.1B | |
| Short Term Investments | 600K | 11M | 1.1M | 5.4M | 6.2M | 3.3M | |
| Other Current Assets | 90.4M | 141.8M | 151.4M | 181.7M | 265.7M | 279.0M | |
| Intangible Assets | 121.7M | 425.2M | 1.3B | 1.8B | 2.1B | 2.2B | |
| Property Plant Equipment | 909.7M | 956.2M | 2.0B | 1.9B | 2.2B | 2.3B | |
| Short Long Term Debt Total | 1.9B | 2.4B | 4.6B | 3.7B | 5.0B | 5.2B | |
| Property Plant And Equipment Net | 975.3M | 1.3B | 2.3B | 2.2B | 2.6B | 2.7B | |
| Net Debt | 1.9B | 2.4B | 4.4B | 3.5B | 4.9B | 5.2B | |
| Retained Earnings | 1.1B | 1.3B | 1.9B | 2.6B | 3.0B | 3.1B | |
| Non Current Assets Total | 1.3B | 2.3B | 6.1B | 6.1B | 7.1B | 7.5B | |
| Cash And Short Term Investments | 3.5M | 1.4M | 189.9M | 240.7M | 51.9M | 57.1M | |
| Net Receivables | 348M | 337.4M | 475.8M | 446.2M | 564.7M | 298.9M | |
| Non Current Liabilities Total | 1.0B | 1.5B | 4.3B | 4.1B | 3.2B | 3.4B | |
| Property Plant And Equipment Gross | 975.3M | 1.3B | 2.6B | 1.9B | 3.0B | 3.1B | |
| Accumulated Other Comprehensive Income | (2.9M) | (5.6M) | (700K) | 74.4M | 61.1M | 64.2M | |
| Short Term Debt | 921.3M | 896.3M | 799.1M | 253.6M | 1.8B | 1.9B | |
| Treasury Stock | (1.0B) | (1.0B) | (1.0B) | (1.1B) | (956.7M) | (908.9M) | |
| Current Deferred Revenue | 143.1M | 8.7M | 217.7M | 256M | 272.9M | 286.5M | |
| Net Tangible Assets | 375.5M | 214.8M | 306.6M | 3.6B | 4.2B | 4.4B | |
| Retained Earnings Total Equity | 1.1B | 1.3B | 1.9B | 2.6B | 3.0B | 3.2B | |
| Long Term Debt Total | 907M | 1.2B | 3.5B | 3.2B | 3.7B | 3.9B |
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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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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 17.83 | 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.