Avis Budget Group Inc (CAR)
Working capital 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 current assets | US$ in thousands | 2,034,000 | 2,319,000 | 2,460,000 | 2,333,000 | 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 | 1,324,000 | 1,868,000 | 1,795,000 | 2,635,000 | 2,240,000 | 1,927,000 |
| Total current liabilities | US$ in thousands | 2,720,000 | 3,326,000 | 2,866,000 | 3,074,000 | 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 |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 13.27 | 54.31 | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $11,742,000K ÷ ($2,034,000K – $2,720,000K)
= —
The working capital turnover ratio for Avis Budget Group Inc provides insights into how efficiently the company is utilizing its working capital to generate sales. Looking at the available data, we observe fluctuations in the working capital turnover ratio over the disclosed periods.
1. June 30, 2020: The working capital turnover ratio was notably high at 54.31. This implies that Avis Budget Group was generating a significant amount of revenue relative to its working capital during this period, indicating efficient use of resources.
2. September 30, 2020: The ratio dropped to 13.27, suggesting a decline in the efficiency of working capital utilization compared to the previous period. It may indicate changes in the company's operational dynamics or a need to optimize working capital management.
3. March 31, 2021 onwards: Subsequent dates show "—," indicating that specific data points are not available for analysis. Without additional data points, it is challenging to ascertain the trend and evaluate the effectiveness of working capital turnover for Avis Budget Group Inc beyond September 2020.
Overall, the working capital turnover ratio is a critical metric for assessing operational efficiency, and fluctuations in this ratio can provide valuable insights into a company's liquidity management and revenue-generation capabilities. Monitoring this ratio over time can help in identifying trends, potential areas for improvement, and assessing the overall financial health of Avis Budget Group Inc.
Peer comparison
Dec 31, 2024