Avis Budget Group Inc (CAR)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 7,596,000 | 8,614,000 | 7,801,000 | 6,115,000 | 4,727,000 | 3,208,000 | 1,906,000 | 1,690,000 | 1,230,000 | 1,169,000 | 1,285,000 | 1,369,000 | 1,510,000 | 1,451,000 | 1,427,000 | 1,475,000 | 1,699,000 | 1,916,000 | 2,224,000 | 2,418,000 |
| Inventory | US$ in thousands | — | — | — | 312,000 | — | — | -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 |
| Inventory turnover | — | — | — | 19.60 | — | — | — | — | 4.88 | 4.64 | 4.27 | 5.57 | 7.37 | 6.98 | — | 7.23 | 10.55 | 10.82 | 13.48 | 12.27 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $7,596,000K ÷ $—K
= —
The inventory turnover of Avis Budget Group Inc has shown some fluctuations over the period under consideration. The inventory turnover ratio measures how many times a company sells and replaces its inventory during a specific period. A higher turnover ratio indicates that the company's inventory is moving efficiently, while a lower ratio may suggest potential issues with sales, overstocking, or obsolete inventory.
Based on the data provided, Avis Budget Group Inc's inventory turnover ranged from a high of 13.48 in June 2020 to a low of 4.27 in June 2022. The company experienced a general decrease in inventory turnover from 2020 to 2022, showing potential inefficiencies in managing its inventory levels. However, the ratio surged significantly to 19.60 in March 2024, indicating a substantial improvement in inventory management efficiency.
The periods where inventory turnover was not available (marked as "—") may be attributed to missing data or changes in reporting practices. Overall, it is important for Avis Budget Group Inc to continually monitor and optimize its inventory turnover to ensure effective utilization of its resources and maintain healthy operational performance.
Peer comparison
Dec 31, 2024
Dec 31, 2024