Avis Budget Group Inc (CAR)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,146,000 | 3,229,000 | 4,126,000 | 5,887,000 | 7,531,000 | 9,057,000 | 10,342,000 | 10,679,000 | 10,764,000 | 10,623,000 | 9,961,000 | 9,004,000 | 7,803,000 | 6,648,000 | 5,205,000 | 3,548,000 | 3,716,000 | 4,306,000 | 5,217,000 | 6,622,000 |
| 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 |
| Gross profit margin | 35.31% | 27.27% | 34.59% | 49.05% | 61.44% | 73.84% | 84.44% | 86.34% | 89.74% | 90.09% | 88.57% | 86.80% | 83.79% | 82.08% | 78.48% | 70.64% | 68.62% | 69.21% | 70.11% | 73.25% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,146,000K ÷ $11,742,000K
= 35.31%
Avis Budget Group Inc's gross profit margin has shown fluctuations over the analyzed period, ranging from a high of 90.09% on September 30, 2022, to a low of 27.27% on September 30, 2024.
The trend indicates an overall increase in gross profit margin from March 31, 2020, to June 30, 2022, with a peak at 88.57% on June 30, 2022. Following the peak, there was a notable decline in the margins in subsequent quarters, reaching a low of 27.27% on September 30, 2024.
This decline may suggest challenges in managing costs or pricing strategy, impacting the company's ability to generate profits from its core operations. Further analysis into the drivers behind these fluctuations and the company's strategies to address them would be necessary to provide a more in-depth understanding of the situation.
Peer comparison
Dec 31, 2024