Avis Budget Group Inc (CAR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,548,000 | 2,948,000 | 1,235,000 | -1,095,000 | -406,000 |
| Revenue | US$ in thousands | 12,008,000 | 11,994,000 | 9,313,000 | 5,402,000 | 9,172,000 |
| Operating profit margin | 12.89% | 24.58% | 13.26% | -20.27% | -4.43% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,548,000K ÷ $12,008,000K
= 12.89%
The operating profit margin of Avis Budget Group Inc has fluctuated over the past five years. In 2023, the company achieved an operating profit margin of 24.73%, representing a decrease from the previous year's 35.92%. Despite this decline, the operating profit margin remains relatively healthy compared to 2020 when the company experienced a negative operating profit margin of -5.13%. The significant increase in 2022 indicates strong operational efficiency, but the subsequent drop in 2023 suggests a potential decrease in profitability or an increase in operating expenses. Overall, it will be important for Avis Budget Group Inc to closely monitor its operating profit margin to ensure sustainable profitability and operational effectiveness in the future.
Peer comparison
Dec 31, 2023