Avis Budget Group Inc (CAR)

Working capital 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 current assets	US$ in thousands	2,139,000	2,226,000	2,233,000	1,983,000	1,886,000	1,976,000	2,065,000	1,768,000	1,847,000	2,267,000	2,736,000	1,868,000	1,795,000	2,635,000	2,240,000	1,927,000	2,145,000	2,147,000	2,286,000	2,137,000
Total current liabilities	US$ in thousands	2,659,000	2,763,000	2,844,000	2,749,000	2,574,000	2,746,000	2,771,000	2,702,000	2,408,000	2,498,000	2,467,000	2,190,000	2,053,000	2,166,000	2,103,000	2,263,000	2,225,000	2,290,000	2,669,000	2,258,000
Working capital turnover		—	—	—	—	—	—	—	—	—	—	24.65	—	—	13.24	54.22	—	—	—	—	—

December 31, 2023 calculation

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

I'm sorry, but without the specific values for the working capital turnover for Avis Budget Group Inc for each quarter, I am unable to provide a detailed analysis of the trend or performance of this ratio over time. Please provide the corresponding data, and I would be happy to assist you further with the analysis.

Peer comparison

Dec 31, 2023

Company name

Symbol

Working capital turnover

Avis Budget Group Inc

CAR

—

Hertz Global Holdings Inc