How do you interpret retail automotive dealership — impairment charges?

An increase signals potential operational challenges or a decline in the market value of the company's asset base.

How does retail automotive dealership — impairment charges compare across companies?

Standard financial reporting metric used across all capital-intensive industries.

Penske Automotive Group PAG Retail automotive dealership — Impairment Charges

Discontinued — last reported Q4 '23

Similar metrics at other companies

MODAutomotive — Asset Impairment Charges

-$14M-134%

MODAutomotive — Impairment Of Long Lived Assets To Be Disposed Of

$3.3M—

LFUSAutomotive — Impairment Charges

$0—

LFUSAutomotive — Asset Impairment Charges

$0—

LFUSAutomotive — Other asset impairment charges

$33.8M—

GPCAutomotive — Goodwill impairment charge

$0—

Other financials

Income statement

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Revenue$7.9B-1.1%

Gross profit$1.3B-1.7%

Operating income$289.0M-12.3%

Net income$234.5M-9.0%

EPS (diluted)$3.56-7.8%

Balance sheet

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Cash & equivalents$83.7M-32.1%

Total debt$5.2B+22.5%

Total equity$5.7B+5.0%

Total assets$18.3B+8.2%

Cash flow

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Operating cash flow$215.0M-26.1%

CapEx$62.6M-26.1%

Free cash flow$152.4M-26.1%

Valuation

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Market cap$11.52B+2.3%

Enterprise value$16.62B+8.8%

P/E12.6×+1.4×

P/S0.4×0.0×

Profitability

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Gross margin18.3%+0.1pp

Operating margin4%-0.3pp

Net margin2.9%-0.2pp

FCF margin1.9%-0.3pp

Returns & leverage

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Return on equity16.5%-3.1pp

Debt / equity0.9×+0.1×

Current ratio1×+0.1×

Where this comes from

Reported directly by Penske Automotive Group in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Penske Automotive Group’s 10-K, filed February 16, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Penske Automotive Group's retail automotive dealership — impairment charges?: Penske Automotive Group (PAG) reported retail automotive dealership — impairment charges of $10.18M in Q4 2023.
What does retail automotive dealership — impairment charges mean?: The total cost recorded when the value of company assets is written down due to loss of value.
How do you interpret retail automotive dealership — impairment charges?: An increase signals potential operational challenges or a decline in the market value of the company's asset base.
How does retail automotive dealership — impairment charges compare across companies?: Standard financial reporting metric used across all capital-intensive industries.