Penske Historical Income Statement

PAG Stock  USD 166.54  0.24  0.14%   
Historical analysis of Penske Automotive income statement accounts such as Other Operating Expenses of 29.6 B, Operating Income of 1.4 B, EBIT of 1.6 B or Ebitda of 1.7 B can show how well Penske Automotive Group performed in making a profits. Evaluating Penske Automotive income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Penske Automotive's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Penske Automotive latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Penske Automotive is a good buy for the upcoming year.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penske 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 nation.

About Penske Income Statement Analysis

Penske Automotive Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Penske Automotive shareholders. The income statement also shows Penske investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Penske Automotive Income Statement Chart

At this time, Penske Automotive's Other Operating Expenses is most likely to increase significantly in the upcoming years. The Penske Automotive's current Operating Income is estimated to increase to about 1.4 B, while Interest Expense is projected to decrease to roughly 214.4 M.

Total Revenue

Total revenue comprises all receipts Penske Automotive generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Penske Automotive Group minus its cost of goods sold. It is profit before Penske 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.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Penske Automotive. It is also known as Penske 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.

Cost Of Revenue

Cost of Revenue is found on Penske Automotive income statement and represents the costs associated with goods and services Penske Automotive provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most accounts from Penske Automotive's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Penske Automotive current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penske 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 nation.
At this time, Penske Automotive's Other Operating Expenses is most likely to increase significantly in the upcoming years. The Penske Automotive's current Operating Income is estimated to increase to about 1.4 B, while Interest Expense is projected to decrease to roughly 214.4 M.
 2021 2022 2023 2024 (projected)
Gross Profit4.4B4.8B4.9B5.2B
Total Revenue25.6B27.8B29.5B31.0B

Penske Automotive income statement Correlations

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0.40.460.840.910.830.990.970.960.830.690.740.990.930.7-0.360.930.930.760.70.790.87-0.08-0.180.89
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0.410.50.850.910.840.980.970.960.830.70.990.750.860.72-0.390.940.930.790.740.720.840.06-0.210.87
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0.580.690.840.840.840.80.830.840.840.780.760.540.790.610.78-0.460.780.750.80.440.680.22-0.440.7
0.640.760.840.810.840.740.750.780.840.750.70.420.740.530.75-0.350.690.660.80.310.450.2-0.440.66
0.230.020.450.550.430.730.680.660.430.430.790.640.720.920.44-0.150.760.710.440.310.74-0.550.150.75
0.140.360.660.750.650.860.880.850.640.390.870.530.840.830.4-0.490.720.950.680.450.74-0.14-0.330.85
0.020.190.080.040.08-0.05-0.02-0.020.080.12-0.080.090.06-0.430.12-0.090.08-0.090.220.2-0.55-0.14-0.1-0.19
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0.460.570.760.820.750.90.890.890.740.60.890.430.870.840.61-0.540.810.950.70.660.750.85-0.19-0.45
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Penske Automotive Account Relationship Matchups

Penske Automotive income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization257.1M115.5M121.5M127.3M141M71.0M
Interest Expense208.7M165.9M94.8M122.8M225.7M214.4M
Total Revenue23.2B20.4B25.6B27.8B29.5B31.0B
Gross Profit3.5B3.2B4.4B4.8B4.9B5.2B
Other Operating Expenses22.5B19.7B24.2B26.3B28.2B29.6B
Operating Income652.7M704.5M1.4B1.5B1.4B1.4B
Ebit652.7M704.5M1.4B1.5B1.5B1.6B
Ebitda909.8M820M1.5B1.6B1.7B1.7B
Cost Of Revenue19.7B17.3B21.1B23.0B24.6B25.8B
Total Operating Expenses2.8B2.5B3.1B3.4B3.6B1.8B
Income Before Tax591.5M707.6M1.6B1.9B1.4B1.5B
Total Other Income Expense Net(61.2M)3.1M251.3M371.4M68M71.4M
Net Income435.8M543.6M1.2B1.4B1.1B1.1B
Income Tax Expense156.7M162.7M416.3M473M360.9M378.9M
Selling General Administrative2.6B2.3B2.8B3.1B3.3B1.7B
Net Income Applicable To Common Shares435.8M543.6M1.2B1.4B1.6B1.7B
Net Income From Continuing Ops434.8M544.9M1.2B1.4B1.1B583.3M
Non Operating Income Net Other147.5M169M363.1M494.2M568.3M596.7M
Selling And Marketing Expenses112.6M81.1M119.2M122M135.9M115.6M
Discontinued Operations500K300K400K1.3M1.5M1.6M
Tax Provision156.7M162.7M416.3M473M360.9M239.3M
Interest Income61.2M3.1M268.3M371.4M427.1M448.5M
Extraordinary Items243.2M500K300K400K1.3M0.0
Net Interest Income(208.7M)(165.9M)(94.8M)(122.8M)(225.7M)(237.0M)
Reconciled Depreciation109.6M115.5M121.5M127.3M141M127.9M

Currently Active Assets on Macroaxis

When determining whether Penske Automotive is a strong investment it is important to analyze Penske 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 Penske Automotive's future performance. For an informed investment choice regarding Penske Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Penske 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 nation.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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 Penske Automotive. If investors know Penske 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 Penske 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
(0.14)
Dividend Share
4.09
Earnings Share
13.06
Revenue Per Share
447.96
Quarterly Revenue Growth
0.019
The market value of Penske Automotive is measured differently than its book value, which is the value of Penske that is recorded on the company's balance sheet. Investors also form their own opinion of Penske Automotive's value that differs from its market value or its book value, called intrinsic value, which is Penske 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 Penske Automotive's market value can be influenced by many factors that don't directly affect Penske 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 Penske Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Penske Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Penske 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.