Avis Budget Group Inc (CAR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,789,000 | 12,008,000 | 11,994,000 | 9,313,000 | 5,402,000 |
| Total assets | US$ in thousands | 9,668,000 | 32,569,000 | 25,927,000 | 22,600,000 | 17,538,000 |
| Total asset turnover | 1.22 | 0.37 | 0.46 | 0.41 | 0.31 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,789,000K ÷ $9,668,000K
= 1.22
Avis Budget Group Inc's total asset turnover has displayed notable fluctuations over the timeframe provided. The ratio increased from 0.31 in December 31, 2020 to 0.41 in December 31, 2021, indicating a more efficient utilization of assets to generate revenue. Subsequently, the total asset turnover further improved to 0.46 by December 31, 2022, reflecting an enhanced efficiency in generating sales relative to its asset base.
However, the ratio declined to 0.37 by December 31, 2023, suggesting a decrease in the company's ability to generate revenue from its total assets. Notably, the total asset turnover experienced a sharp increase to 1.22 by December 31, 2024, signaling a significant improvement in operating efficiency and the company's effectiveness in utilizing its assets to drive sales.
Overall, the varying trends in total asset turnover for Avis Budget Group Inc indicate the company's evolving efficiency in generating revenue in relation to its asset investments. Further analysis into the specific factors influencing these changes would provide deeper insights into the company's operational performance and asset management strategies.
Peer comparison
Dec 31, 2024