Avis Budget Group Inc (CAR)
Working capital 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 current assets | US$ in thousands | 2,034,000 | 2,139,000 | 1,886,000 | 1,847,000 | 1,795,000 |
| Total current liabilities | US$ in thousands | 2,720,000 | 2,659,000 | 2,574,000 | 2,408,000 | 2,053,000 |
| Working capital turnover | — | — | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $11,789,000K ÷ ($2,034,000K – $2,720,000K)
= —
The data provided shows that Avis Budget Group Inc's working capital turnover ratio was not provided or calculated for the years December 31, 2020 to December 31, 2024. The working capital turnover ratio is a measure of how efficiently a company is utilizing its working capital to generate sales revenue.
The absence of information on this ratio could indicate limited transparency regarding the company's ability to manage its working capital effectively, which plays a crucial role in the company's liquidity and operational efficiency.
Without the working capital turnover ratio figures, it is challenging to assess the efficiency of Avis Budget Group Inc's working capital management and its impact on the company's overall financial performance. It is important for investors and stakeholders to have access to this ratio to better understand the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2024