Asbury Accounts Payable vs Gross Profit Analysis

ABG Stock

USD 215.12 3.63 1.72%

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 Accounts Payable and its Gross Profit 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 tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Accounts Payable vs Gross Profit

Accounts Payable vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Asbury Automotive Accounts Payable account and Gross Profit. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Asbury Automotive's Accounts Payable and Gross Profit is -0.13. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Gross Profit 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 Accounts Payable and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Asbury Automotive Group are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Accounts Payable i.e., Asbury Automotive's Accounts Payable and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Accounts Payable

An accounting item on the balance sheet that represents Asbury Automotive obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Asbury Automotive are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

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.

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 tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

At this time, Asbury Automotive's Enterprise Value Multiple is most likely to drop in the upcoming years. The Asbury Automotive's current Enterprise Value is estimated to increase to about 2.8 B, 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

Gross Profit Total Revenue

Asbury Automotive fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Other Assets	Common Stock Shares Outstanding	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Total Current Liabilities	Other Liab	Accounts Payable	Cash	Long Term Debt	Good Will	Short Term Investments	Other Current Assets	Intangible Assets	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments
Total Assets		0.99	-0.33	-0.51	0.78	0.22	0.99	0.94	0.96	0.87	0.99	0.07	0.62	0.97	0.96	0.57	0.79	0.97	0.99	0.99	0.99	0.99	0.97	0.99	-0.71	0.6
Total Stockholder Equity	0.99		-0.27	-0.43	0.76	0.3	0.96	0.9	0.95	0.82	0.99	0.1	0.64	0.95	0.95	0.54	0.79	0.99	0.97	0.95	0.97	0.95	0.96	0.99	-0.65	0.63
Other Assets	-0.33	-0.27		0.54	-0.35	0.18	-0.38	-0.47	-0.28	-0.3	-0.24	0.9	-0.07	-0.33	-0.2	-0.22	-0.18	-0.14	-0.43	-0.35	-0.4	-0.35	-0.33	-0.27	0.42	-0.03
Common Stock Shares Outstanding	-0.51	-0.43	0.54		-0.49	0.66	-0.58	-0.6	-0.38	-0.5	-0.41	0.26	-0.24	-0.53	-0.44	-0.39	-0.2	-0.36	-0.58	-0.58	-0.58	-0.59	-0.65	-0.47	0.81	-0.22
Inventory	0.78	0.76	-0.35	-0.49		-0.07	0.74	0.93	0.8	0.95	0.74	-0.12	0.05	0.63	0.6	0.35	0.89	0.72	0.77	0.77	0.76	0.8	0.81	0.72	-0.84	0.03
Other Stockholder Equity	0.22	0.3	0.18	0.66	-0.07		0.16	0.03	0.32	0.03	0.32	0.2	0.37	0.23	0.3	0.09	0.28	0.35	0.16	0.13	0.16	0.12	0.02	0.27	0.44	0.37
Total Liab	0.99	0.96	-0.38	-0.58	0.74	0.16		0.92	0.93	0.84	0.97	0.04	0.65	0.99	0.97	0.61	0.72	0.94	0.99	1.0	1.0	0.99	0.96	0.99	-0.72	0.64
Total Current Assets	0.94	0.9	-0.47	-0.6	0.93	0.03	0.92		0.91	0.96	0.89	-0.12	0.35	0.85	0.82	0.54	0.85	0.86	0.94	0.94	0.94	0.95	0.93	0.89	-0.84	0.33
Other Current Liab	0.96	0.95	-0.28	-0.38	0.8	0.32	0.93	0.91		0.89	0.95	0.08	0.48	0.89	0.91	0.47	0.9	0.95	0.93	0.94	0.94	0.94	0.91	0.95	-0.66	0.47
Total Current Liabilities	0.87	0.82	-0.3	-0.5	0.95	0.03	0.84	0.96	0.89		0.82	0.01	0.16	0.75	0.75	0.47	0.92	0.8	0.85	0.88	0.85	0.9	0.85	0.82	-0.81	0.15
Other Liab	0.99	0.99	-0.24	-0.41	0.74	0.32	0.97	0.89	0.95	0.82		0.14	0.68	0.96	0.96	0.54	0.78	0.99	0.97	0.96	0.97	0.95	0.95	0.99	-0.64	0.67
Accounts Payable	0.07	0.1	0.9	0.26	-0.12	0.2	0.04	-0.12	0.08	0.01	0.14		0.26	0.1	0.23	0.05	0.04	0.23	-0.04	0.07	0.0	0.05	0.05	0.13	0.13	0.3
Cash	0.62	0.64	-0.07	-0.24	0.05	0.37	0.65	0.35	0.48	0.16	0.68	0.26		0.77	0.75	0.47	0.09	0.66	0.63	0.59	0.63	0.56	0.58	0.68	-0.13	1.0
Long Term Debt	0.97	0.95	-0.33	-0.53	0.63	0.23	0.99	0.85	0.89	0.75	0.96	0.1	0.77		0.98	0.6	0.63	0.94	0.98	0.97	0.97	0.96	0.93	0.98	-0.63	0.75
Good Will	0.96	0.95	-0.2	-0.44	0.6	0.3	0.97	0.82	0.91	0.75	0.96	0.23	0.75	0.98		0.6	0.66	0.96	0.95	0.96	0.96	0.95	0.91	0.98	-0.57	0.74
Short Term Investments	0.57	0.54	-0.22	-0.39	0.35	0.09	0.61	0.54	0.47	0.47	0.54	0.05	0.47	0.6	0.6		0.28	0.52	0.59	0.6	0.59	0.59	0.54	0.57	-0.26	0.46
Other Current Assets	0.79	0.79	-0.18	-0.2	0.89	0.28	0.72	0.85	0.9	0.92	0.78	0.04	0.09	0.63	0.66	0.28		0.79	0.74	0.75	0.74	0.77	0.74	0.75	-0.64	0.08
Intangible Assets	0.97	0.99	-0.14	-0.36	0.72	0.35	0.94	0.86	0.95	0.8	0.99	0.23	0.66	0.94	0.96	0.52	0.79		0.94	0.94	0.95	0.93	0.93	0.98	-0.6	0.66
Property Plant Equipment	0.99	0.97	-0.43	-0.58	0.77	0.16	0.99	0.94	0.93	0.85	0.97	-0.04	0.63	0.98	0.95	0.59	0.74	0.94		0.99	1.0	0.98	0.97	0.98	-0.73	0.61
Short Long Term Debt Total	0.99	0.95	-0.35	-0.58	0.77	0.13	1.0	0.94	0.94	0.88	0.96	0.07	0.59	0.97	0.96	0.6	0.75	0.94	0.99		0.99	1.0	0.96	0.98	-0.75	0.58
Property Plant And Equipment Net	0.99	0.97	-0.4	-0.58	0.76	0.16	1.0	0.94	0.94	0.85	0.97	0.0	0.63	0.97	0.96	0.59	0.74	0.95	1.0	0.99		0.99	0.97	0.99	-0.73	0.61
Net Debt	0.99	0.95	-0.35	-0.59	0.8	0.12	0.99	0.95	0.94	0.9	0.95	0.05	0.56	0.96	0.95	0.59	0.77	0.93	0.98	1.0	0.99		0.96	0.97	-0.76	0.54
Retained Earnings	0.97	0.96	-0.33	-0.65	0.81	0.02	0.96	0.93	0.91	0.85	0.95	0.05	0.58	0.93	0.91	0.54	0.74	0.93	0.97	0.96	0.97	0.96		0.96	-0.81	0.56
Non Current Assets Total	0.99	0.99	-0.27	-0.47	0.72	0.27	0.99	0.89	0.95	0.82	0.99	0.13	0.68	0.98	0.98	0.57	0.75	0.98	0.98	0.98	0.99	0.97	0.96		-0.65	0.67
Non Currrent Assets Other	-0.71	-0.65	0.42	0.81	-0.84	0.44	-0.72	-0.84	-0.66	-0.81	-0.64	0.13	-0.13	-0.63	-0.57	-0.26	-0.64	-0.6	-0.73	-0.75	-0.73	-0.76	-0.81	-0.65		-0.11
Cash And Short Term Investments	0.6	0.63	-0.03	-0.22	0.03	0.37	0.64	0.33	0.47	0.15	0.67	0.3	1.0	0.75	0.74	0.46	0.08	0.66	0.61	0.58	0.61	0.54	0.56	0.67	-0.11

Click cells to compare fundamentals

Asbury Automotive Account Relationship Matchups

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	2.1B	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	189.4M	235.3M	45.7M	56.0M
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	6.5M
Other Current Assets	90.4M	141.8M	157.7M	181.7M	1.2B	1.2B
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	189.4M	240.7M	45.7M	56.8M
Net Receivables	348M	337.4M	469.5M	446.2M	564.7M	298.6M
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

Pair Trading with Asbury Automotive

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Asbury Automotive position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Asbury Automotive will appreciate offsetting losses from the drop in the long position's value.

Moving together with Asbury Stock

0.62

AutoNation Earnings Call This Week

Pair Corr

Moving against Asbury Stock

0.54	DIT	AMCON Distributing	Pair Corr
0.5	BGI	Birks Group	Pair Corr
0.5	BIG	Big Lots Financial Report 24th of May 2024	Pair Corr
0.43	GME	GameStop Corp Financial Report 5th of June 2024	Pair Corr
0.42	BQ	Boqii Holding Limited	Pair Corr

The ability to find closely correlated positions to Asbury Automotive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asbury Automotive when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Asbury Automotive - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Asbury Automotive Group to buy it.

The correlation of Asbury Automotive is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asbury Automotive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asbury Automotive moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Asbury Automotive can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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:

How To Invest In Asbury

Details

Is Asbury Stock a good investment?

Details

What is Asbury Automotive's Net Worth?

Details

Largest Automotive Retail Companies

View

Largest Consumer Discretionary Distribution & Retail Companies

View

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 tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Note that the Asbury Automotive information on this page should be used as a complementary analysis to other Asbury Automotive's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

Complementary Tools for Asbury Stock analysis

When running Asbury Automotive's price analysis, check to measure Asbury Automotive's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Asbury Automotive is operating at the current time. Most of Asbury Automotive's value examination focuses on studying past and present price action to predict the probability of Asbury Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asbury Automotive's price. Additionally, you may evaluate how the addition of Asbury Automotive to your portfolios can decrease your overall portfolio volatility.

	Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market.
	Performance Analysis Check effects of mean-variance optimization against your current asset allocation
	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
	Analyst Advice Analyst recommendations and target price estimates broken down by several categories
	Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum
	Economic Indicators Top statistical indicators that provide insights into how an economy is performing
	Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios
	ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
	Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
	Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios

Is Asbury Automotive's industry 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

(0.83)

Earnings Share

28.74

Revenue Per Share

708.263

Quarterly Revenue Growth

0.029

Return On Assets

0.0739

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Asbury Accounts Payable vs Gross Profit Analysis

Accounts Payable vs Gross Profit

Accounts Payable vs Gross Profit Correlation Analysis

Correlation Coefficient

Accounts Payable

Gross Profit

Asbury Automotive fundamental ratios Correlations

Asbury Automotive Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Asbury Automotive fundamental ratios Accounts

Pair Trading with Asbury Automotive

Moving together with Asbury Stock

Moving against Asbury Stock

Complementary Tools for Asbury Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Liab
Property Plant And Equipment Net	+ 1.0	Total Liab
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 1.0	Property Plant Equipment
Net Debt	+ 1.0	Short Long Term Debt Total
Total Stockholder Equity	+ 0.99	Total Assets

Non Currrent Assets Other	- 0.84	Total Current Assets
Non Currrent Assets Other	- 0.84	Inventory
Non Currrent Assets Other	- 0.81	Retained Earnings
Non Currrent Assets Other	- 0.81	Total Current Liabilities
Non Currrent Assets Other	- 0.76	Net Debt
Non Currrent Assets Other	- 0.75	Short Long Term Debt Total