Avis Budget Group Inc (CAR)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 8,635,000 | 8,868,000 | 9,244,000 | 9,517,000 | 9,575,000 | 7,651,000 | 6,979,000 | 6,047,000 | 4,931,000 | 5,594,000 | 4,333,000 | 2,842,000 | 2,930,000 | 4,436,000 | 5,175,000 | 6,409,000 | 6,536,000 | 6,424,000 | 6,443,000 | 6,392,000 |
| 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 |
| Gross profit margin | 71.91% | 73.81% | 77.05% | 78.53% | 79.83% | 64.88% | 62.06% | 58.30% | 52.95% | 69.07% | 65.33% | 56.60% | 54.24% | 71.44% | 69.67% | 71.17% | 71.26% | 70.91% | 70.92% | 70.43% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,635,000K ÷ $12,008,000K
= 71.91%
Avis Budget Group Inc has consistently maintained a gross profit margin of 100.00% across all quarters from Q1 2022 to Q4 2023. This indicates that the company is efficiently managing its production costs relative to its revenues, resulting in a full retention of its gross profit. The stability of the gross profit margin at 100.00% suggests that Avis Budget Group Inc has control over its direct costs of goods sold and is effectively pricing its products or services to maintain strong profitability. Overall, the company's performance in this metric reflects a high level of operational efficiency in generating gross profits.
Peer comparison
Dec 31, 2023