Avis Budget Group Inc (CAR)

Working capital turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue US$ in thousands 12,008,000 11,994,000 9,313,000 5,402,000 9,172,000
Total current assets US$ in thousands 2,139,000 1,886,000 1,847,000 1,795,000 2,145,000
Total current liabilities US$ in thousands 2,659,000 2,574,000 2,408,000 2,053,000 2,225,000
Working capital turnover

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $12,008,000K ÷ ($2,139,000K – $2,659,000K)
= —

To analyze Avis Budget Group Inc's working capital turnover, we need the data for current assets and current liabilities for the corresponding years. Working capital turnover is calculated by dividing total revenue by the average working capital.

Without the specific figures for current assets and current liabilities for the years from 2019 to 2023, we are unable to calculate the working capital turnover ratio. This ratio helps measure how efficiently the company is using its working capital to generate revenue. Typically, a higher turnover ratio indicates better efficiency in managing working capital.

In order to provide a comprehensive analysis of Avis Budget Group Inc's working capital turnover, it is vital to have access to the necessary financial data. This ratio is significant in understanding the company's operational efficiency and its ability to convert working capital into sales effectively.


Peer comparison

Dec 31, 2023

Company name
Symbol
Working capital turnover
Avis Budget Group Inc
CAR
Hertz Global Holdings Inc
HTZ
Ryder System Inc
R