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