Avis Budget Group Inc (CAR)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,911,000 | 2,265,000 | 2,854,000 | 3,344,000 | 3,644,000 | 3,673,000 | 3,258,000 | 2,657,000 | 1,710,000 | 1,031,000 | 154,000 | -941,000 | -956,000 | -807,000 | -532,000 | 158,000 | 287,000 | 276,000 | 303,000 | 260,000 |
| 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 |
| Pretax margin | 15.91% | 18.85% | 23.79% | 27.59% | 30.38% | 31.15% | 28.97% | 25.61% | 18.36% | 12.73% | 2.32% | -18.74% | -17.70% | -13.00% | -7.16% | 1.75% | 3.13% | 3.05% | 3.34% | 2.86% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,911,000K ÷ $12,008,000K
= 15.91%
The pretax margin of Avis Budget Group Inc has shown a declining trend over the past quarters. In Q4 2023, the pretax margin was 15.94%, which is a decrease from the previous quarter's 18.88% in Q3 2023. This marks a continuation of the decreasing trend from the preceding quarters. Comparing to the same quarter in the previous year, Q4 2022, the pretax margin has decreased significantly from 30.32% to 15.94%.
Overall, the pretax margin has decreased steadily over the past year, which may indicate potential challenges in managing costs and generating profits. It is important for Avis Budget Group Inc to closely monitor their cost structures and revenue generation strategies to improve the pretax margin in the future quarters.
Peer comparison
Dec 31, 2023