Avis Budget Group Inc (CAR)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,632,000 | 1,796,000 | 2,204,000 | 2,547,000 | 2,764,000 | 2,723,000 | 2,364,000 | 1,984,000 | 1,285,000 | 813,000 | 183,000 | -696,000 | -684,000 | -452,000 | -308,000 | 235,000 | 302,000 | 173,000 | 197,000 | 161,000 |
| 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 |
| Net profit margin | 13.59% | 14.95% | 18.37% | 21.02% | 23.04% | 23.09% | 21.02% | 19.13% | 13.80% | 10.04% | 2.76% | -13.86% | -12.66% | -7.28% | -4.15% | 2.61% | 3.29% | 1.91% | 2.17% | 1.77% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,632,000K ÷ $12,008,000K
= 13.59%
Avis Budget Group Inc's net profit margin has displayed a decreasing trend over the past 8 quarters. The net profit margin decreased from 23.09% in Q3 2022 to 13.59% in Q4 2023. This downward trend indicates a declining profitability relative to revenue generated, which may be attributed to various internal and external factors impacting the company's operations and financial performance. Further analysis and investigation into the causes of this declining trend would be necessary to determine the underlying reasons and implications for the company's financial health and future prospects.
Peer comparison
Dec 31, 2023