Avis Budget Group Inc (CAR)

Total asset 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
Revenue (ttm)	US$ in thousands	12,008,000	12,015,000	11,998,000	12,119,000	11,994,000	11,792,000	11,246,000	10,373,000	9,313,000	8,099,000	6,632,000	5,021,000	5,402,000	6,209,000	7,428,000	9,005,000	9,172,000	9,060,000	9,085,000	9,076,000
Total assets	US$ in thousands	32,569,000	32,304,000	31,395,000	27,388,000	25,927,000	25,197,000	26,095,000	23,573,000	22,600,000	21,610,000	22,013,000	18,609,000	17,538,000	19,596,000	21,690,000	23,552,000	23,126,000	23,108,000	24,455,000	22,902,000
Total asset turnover		0.37	0.37	0.38	0.44	0.46	0.47	0.43	0.44	0.41	0.37	0.30	0.27	0.31	0.32	0.34	0.38	0.40	0.39	0.37	0.40

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,008,000K ÷ $32,569,000K
= 0.37

Avis Budget Group Inc's total asset turnover has shown a declining trend over the past four quarters, dropping from 0.46 in Q4 2022 to 0.37 in Q4 2023. This indicates that the company is generating less revenue for each dollar of assets it possesses. The decrease in total asset turnover may suggest inefficiencies in asset utilization or declining sales relative to the size of the asset base. It is crucial for the company to closely monitor and address the factors affecting this ratio to improve its operational efficiency and overall financial performance.

Peer comparison

Dec 31, 2023

Company name

Symbol

Total asset turnover

Avis Budget Group Inc

CAR

0.37

Hertz Global Holdings Inc