Avis Budget Group Inc (CAR)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,091,000 | 1,759,000 | 2,667,000 | 3,509,000 | 3,791,000 | 3,961,000 | 3,745,000 | 3,629,000 | 3,913,000 | 3,931,000 | 3,512,000 | 2,926,000 | 2,131,000 | 1,480,000 | 627,000 | -467,000 | -595,000 | -484,000 | -211,000 | 424,000 |
| Total assets | US$ in thousands | 29,041,000 | 32,749,000 | 33,882,000 | 33,528,000 | 33,419,000 | 9,220,000 | 9,092,000 | 27,388,000 | 25,927,000 | 25,197,000 | 26,095,000 | 23,573,000 | 22,600,000 | 21,610,000 | 13,052,000 | 18,609,000 | 17,538,000 | 19,596,000 | 21,690,000 | 23,552,000 |
| Operating ROA | 3.76% | 5.37% | 7.87% | 10.47% | 11.34% | 42.96% | 41.19% | 13.25% | 15.09% | 15.60% | 13.46% | 12.41% | 9.43% | 6.85% | 4.80% | -2.51% | -3.39% | -2.47% | -0.97% | 1.80% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,091,000K ÷ $29,041,000K
= 3.76%
The operating return on assets (operating ROA) of Avis Budget Group Inc has displayed a fluctuating trend over the observed periods.
The operating ROA started at a modest level of 1.80% as of March 31, 2020, and turned negative in the subsequent two quarters, reaching -3.39% by December 31, 2020. However, there was a significant turnaround in the performance with a notable increase to 9.43% by December 31, 2021.
Subsequently, there was a continued improvement in operating ROA, reaching a peak of 42.96% by September 30, 2023. The performance then experienced a sharp decline to 3.76% by December 31, 2024, implying a decrease in the company's operating efficiency in generating profits from its assets.
It is essential for stakeholders to closely monitor these fluctuations in operating ROA as they indicate the company's ability to generate profits from its assets and manage its operational performance effectively.
Peer comparison
Dec 31, 2024