Avis Budget Group Inc (CAR)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,789,000 | 12,008,000 | 11,994,000 | 9,313,000 | 5,402,000 |
| Property, plant and equipment | US$ in thousands | — | — | 594,000 | 537,000 | 657,000 |
| Fixed asset turnover | — | — | 20.19 | 17.34 | 8.22 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $11,789,000K ÷ $—K
= —
Avis Budget Group Inc's fixed asset turnover ratio has shown a significant improvement over the years, increasing from 8.22 in December 31, 2020, to 17.34 in December 31, 2021, and further to 20.19 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, reflecting increased efficiency in asset utilization.
However, the absence of data for December 31, 2023, and December 31, 2024, prevents a complete assessment of the trend. It is worth noting that a high fixed asset turnover ratio suggests that the company is effectively using its fixed assets to generate sales, which can be a positive indicator of operational efficiency and profitability.
Peer comparison
Dec 31, 2024