Avis Budget Group Inc (CAR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,632,000 | 2,764,000 | 1,285,000 | -684,000 | 302,000 |
| Revenue | US$ in thousands | 12,008,000 | 11,994,000 | 9,313,000 | 5,402,000 | 9,172,000 |
| Net profit margin | 13.59% | 23.04% | 13.80% | -12.66% | 3.29% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,632,000K ÷ $12,008,000K
= 13.59%
The net profit margin of Avis Budget Group Inc has shown fluctuations over the past five years. In 2022, the net profit margin was relatively high at 23.04%, indicating that a significant portion of its revenue translated into profits. However, there was a noticeable decrease in 2023, with the net profit margin declining to 13.59%. This decrease suggests that the company's profitability relative to its revenue decreased year over year.
The positive net profit margins in 2021 and 2019 indicate that the company was able to generate profits during those years. However, the negative net profit margin in 2020 (-12.66%) indicates that the company incurred a loss in that year, which could be due to various factors such as increased costs, economic challenges, or unexpected events.
Overall, fluctuations in the net profit margin of Avis Budget Group Inc suggest variability in its profitability performance over the analyzed period, highlighting the importance of closely monitoring and assessing the company's financial results to understand its financial health and sustainability.
Peer comparison
Dec 31, 2023