Avis Budget Group Inc (CAR)
Inventory turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,373,000 | 3,147,000 | 2,754,000 | 2,602,000 | 2,419,000 | 1,572,000 | 1,698,000 | 1,757,000 | 1,813,000 | 2,505,000 | 2,299,000 | 2,179,000 | 2,472,000 | 2,780,000 | 3,260,000 | 3,603,000 | 3,643,000 | 3,605,000 | 3,611,000 | 3,653,000 |
| Inventory | US$ in thousands | — | — | -501,000 | — | 252,000 | 252,000 | 301,000 | 246,000 | 205,000 | 208,000 | -1,164,000 | 204,000 | 161,000 | 177,000 | 165,000 | 197,000 | 234,000 | 259,000 | 281,000 | 257,000 |
| Inventory turnover | — | — | — | — | 9.60 | 6.24 | 5.64 | 7.14 | 8.84 | 12.04 | — | 10.68 | 15.35 | 15.71 | 19.76 | 18.29 | 15.57 | 13.92 | 12.85 | 14.21 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,373,000K ÷ $—K
= —
As the inventory turnover ratio data is not provided for any quarter in the table, a detailed analysis cannot be conducted at this time. Inventory turnover is a key ratio that measures how efficiently a company is managing its inventory by showing how many times, on average, the inventory is sold and replaced over a specific period. This ratio helps in assessing inventory management and potential liquidity issues. To thoroughly evaluate the company's efficiency in managing inventory, it is essential to have the inventory turnover ratio data for the quarters mentioned.
Peer comparison
Dec 31, 2023
Dec 31, 2023
Company name
Symbol
Inventory turnover
Avis Budget Group Inc
CAR
—
Hertz Global Holdings Inc
HTZ
—
Ryder System Inc
R
—