Avis Budget Group Inc (CAR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 8,634,000 | 9,574,000 | 6,635,000 | 2,930,000 | 5,529,000 |
| Revenue | US$ in thousands | 12,008,000 | 11,994,000 | 9,313,000 | 5,402,000 | 9,172,000 |
| Gross profit margin | 71.90% | 79.82% | 71.24% | 54.24% | 60.28% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $8,634,000K ÷ $12,008,000K
= 71.90%
Based on the data provided, Avis Budget Group Inc's gross profit margin has remained consistently at 100.00% for the past five years from 2019 to 2023. A gross profit margin of 100.00% indicates that the company is generating revenue that fully covers the cost of goods sold, resulting in no direct cost of sales impacting its gross profit. This implies the company is efficiently managing its production costs and pricing strategies to achieve maximum profitability on its goods and services. The consistent 100.00% gross profit margin over the years reflects the company's ability to maintain profitability and effectively control its cost structure.
Peer comparison
Dec 31, 2023