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ARB yesterday reported a sales jump for the last six months of 21.65% to $284m. Profit is estimated at $70 to $72m. Their shares are now worth $33.47.
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If that is a nett profit after all costs, it would suggest a mark up well in excess of 100%-700%, which i've always expected was the case.
The old rule of thumb is nett profits of 4-5% of turnover is a healthy business, car yards we love to hate manage around 1.5-2%, big turnovers though.Last edited by Jasonmc73; 1 week ago.Mitsubishi Pajero NX MY16 -
The article said 'before tax profit'.Didn't mention gross or net.Comment
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Oh thats more like itOriginally posted by BruceandBobbi View Post
As can be seen, the mark ups are quite healthy, which they can be as it's a passion purchase for many & the market dictates what they can charge, people are willing to pay.
Plenty of money in Australia & they are getting a share of the descretionary spend, good on them.
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