Avis Budget Group Inc (CAR)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 6,014,000 | 7,242,000 | 1,230,000 | 1,510,000 | 1,686,000 |
| Inventory | US$ in thousands | — | — | 252,000 | 205,000 | 161,000 |
| Inventory turnover | — | — | 4.88 | 7.37 | 10.47 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $6,014,000K ÷ $—K
= —
Avis Budget Group Inc's inventory turnover has experienced a declining trend over the years, from 10.47 in December 2020 to 7.37 in December 2021, further dropping to 4.88 in December 2022. This indicates that the company is selling its inventory at a slower rate in recent years. The absence of data for December 2023 and 2024 prevents a comprehensive analysis for those years. A decreasing inventory turnover could suggest potential issues such as overstocking, slow sales, or inefficient inventory management. Further investigation into the reasons behind this trend is necessary to determine the impact on Avis Budget Group's operations and profitability.
Peer comparison
Dec 31, 2024