Avis Budget Group Inc (CAR)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,549,000 | 1,792,000 | 2,270,000 | 2,692,000 | 2,949,000 | 2,667,000 | 2,248,000 | 1,698,000 | 998,000 | -2,270,000 | -1,953,000 | -2,190,000 | -2,397,000 | 3,047,000 | 2,153,000 | 1,974,000 | 2,052,000 | 1,940,000 | 1,970,000 | 1,908,000 |
| 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 |
| Operating profit margin | 12.90% | 14.91% | 18.92% | 22.21% | 24.59% | 22.62% | 19.99% | 16.37% | 10.72% | -28.03% | -29.45% | -43.62% | -44.37% | 49.07% | 28.98% | 21.92% | 22.37% | 21.41% | 21.68% | 21.02% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,549,000K ÷ $12,008,000K
= 12.90%
Avis Budget Group Inc's operating profit margin has exhibited a declining trend over the past year, decreasing from 35.92% in Q4 2022 to 24.73% in Q4 2023. This downward trend indicates a decrease in the company's ability to generate operating profit from its revenue. However, it is important to note that the operating profit margin fluctuates from quarter to quarter, with some quarters showing slightly higher margins such as Q3 and Q2 2022.
Overall, the company's operating profit margin has been relatively healthy, staying above 20% in all quarters, which suggests efficient cost management compared to competitors in the industry. However, the recent decrease in margins may indicate potential challenges in cost control or revenue generation that need to be addressed to ensure sustained profitability. Further analysis of the company's cost structure and revenue streams may be necessary to pinpoint areas for improvement and strategic decision-making.
Peer comparison
Dec 31, 2023