Avis Budget Group Inc (CAR)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,374,000 | 2,420,000 | 2,678,000 | 2,472,000 | 3,643,000 |
| Inventory | US$ in thousands | — | 252,000 | 205,000 | 161,000 | 234,000 |
| Inventory turnover | — | 9.60 | 13.06 | 15.35 | 15.57 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,374,000K ÷ $—K
= —
As the inventory turnover ratio data is missing for Avis Budget Group Inc for the years 2019 to 2022, a detailed analysis cannot be provided. Inventory turnover is a crucial financial ratio that reflects how efficiently a company manages its inventory levels. It is calculated by dividing the cost of goods sold by the average inventory during a specific period.
To evaluate Avis Budget Group's inventory turnover, it is essential to compare the ratio with industry benchmarks and historical data. A higher inventory turnover ratio generally indicates that the company is selling its inventory quickly, reducing the risk of obsolete or unsold inventory. Conversely, a low inventory turnover ratio may suggest overstocking or slow-moving inventory.
Given the missing data, a thorough analysis of Avis Budget Group's inventory turnover trends over the years and its comparison with industry peers cannot be conducted. Investors and stakeholders should consider seeking additional information or consulting with the company directly to gain insights into its inventory management efficiency.
Peer comparison
Dec 31, 2023