Avis Budget Group Inc (CAR)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,742,000 | 11,843,000 | 11,927,000 | 12,002,000 | 12,258,000 | 12,265,000 | 12,248,000 | 12,369,000 | 11,994,000 | 11,792,000 | 11,246,000 | 10,373,000 | 9,313,000 | 8,099,000 | 6,632,000 | 5,023,000 | 5,415,000 | 6,222,000 | 7,441,000 | 9,040,000 |
| Total assets | US$ in thousands | 29,041,000 | 32,749,000 | 33,882,000 | 33,528,000 | 33,419,000 | 9,220,000 | 9,092,000 | 27,388,000 | 25,927,000 | 25,197,000 | 26,095,000 | 23,573,000 | 22,600,000 | 21,610,000 | 13,052,000 | 18,609,000 | 17,538,000 | 19,596,000 | 21,690,000 | 23,552,000 |
| Total asset turnover | 0.40 | 0.36 | 0.35 | 0.36 | 0.37 | 1.33 | 1.35 | 0.45 | 0.46 | 0.47 | 0.43 | 0.44 | 0.41 | 0.37 | 0.51 | 0.27 | 0.31 | 0.32 | 0.34 | 0.38 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,742,000K ÷ $29,041,000K
= 0.40
Avis Budget Group Inc's total asset turnover has shown a fluctuating trend over the past few years. The ratio declined from 0.38 in March 2020 to 0.27 in March 2021, indicating a decrease in the efficiency of generating sales from its total assets. However, there was a significant increase in June 2021, reaching 0.51, suggesting a temporary improvement in asset utilization.
Subsequently, the ratio fluctuated within a range of 0.37 to 0.47 until June 2023, indicating some stability in asset turnover. Notably, in June 2023, there was a sharp increase to 1.35, which may indicate a spike in sales relative to total assets, possibly due to a particular event or strategy.
Despite the peak in June 2023, the total asset turnover decreased to 0.35 by June 2024, showing a decline in asset utilization efficiency. Overall, the company's total asset turnover has shown variability, with fluctuations in performance, suggesting a need for a closer examination of operational efficiency and asset management strategies.
Peer comparison
Dec 31, 2024