• Penske Automotive average quick ratio for 2023 was 0.25, a 3.85% decline from 2022.
• Penske Automotive average quick ratio for 2022 was 0.26, a 4% decline from 2021.
• Penske Automotive average quick ratio for 2021 was 0.25, a 8.7% increase from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.