Avis Budget Group Inc (CAR)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,742,000 | 11,843,000 | 11,927,000 | 12,002,000 | 12,258,000 | 12,265,000 | 12,248,000 | 12,369,000 | 11,994,000 | 11,792,000 | 11,246,000 | 10,373,000 | 9,313,000 | 8,099,000 | 6,632,000 | 5,023,000 | 5,415,000 | 6,222,000 | 7,441,000 | 9,040,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 3,308,000 | 624,000 | 604,000 | 594,000 | 506,000 | 520,000 | 531,000 | 537,000 | 540,000 | 2,985,000 | 611,000 | 657,000 | 692,000 | 729,000 | 767,000 |
| Fixed asset turnover | — | — | — | — | — | 3.71 | 19.63 | 20.48 | 20.19 | 23.30 | 21.63 | 19.53 | 17.34 | 15.00 | 2.22 | 8.22 | 8.24 | 8.99 | 10.21 | 11.79 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $11,742,000K ÷ $—K
= —
Avis Budget Group Inc's fixed asset turnover ratio has shown fluctuations over the periods provided. The ratio was 11.79 as of March 31, 2020, indicating that the company generated $11.79 in revenue for each dollar invested in fixed assets. This ratio decreased to 10.21 by June 30, 2020, and continued to decline to 8.99 by September 30, 2020, and 8.24 by December 31, 2020.
Subsequently, there was a slight improvement in the fixed asset turnover ratio to 8.22 by March 31, 2021, but a significant decline was observed by June 30, 2021, where the ratio dropped to 2.22. However, there was a sharp increase in the ratio to 15.00 by September 30, 2021, and further to 17.34 by December 31, 2021, indicating efficient utilization of fixed assets to generate revenue.
The trend continued to improve with the fixed asset turnover ratio reaching 19.53 by March 31, 2022, 21.63 by June 30, 2022, and 23.30 by September 30, 2022, indicating a strong and efficient performance in generating revenue from fixed assets.
However, there was a decrease in the ratio to 20.19 by December 31, 2022, 20.48 by March 31, 2023, and 19.63 by June 30, 2023. The ratio significantly dropped to 3.71 by September 30, 2023, possibly indicating challenges in efficiently utilizing fixed assets to generate revenue.
Notably, the fixed asset turnover data is unavailable for the periods beyond September 30, 2023. This suggests a lack of information to assess the company's recent performance in terms of fixed asset utilization. It is important for stakeholders to closely monitor this ratio in the future to evaluate the company's efficiency in generating revenue from its fixed assets.
Peer comparison
Dec 31, 2024