Avis Budget Group Inc (CAR)
Return on assets (ROA)
| 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 |
| Total assets | US$ in thousands | 32,569,000 | 32,304,000 | 31,395,000 | 27,388,000 | 25,927,000 | 25,197,000 | 26,095,000 | 23,573,000 | 22,600,000 | 21,610,000 | 22,013,000 | 18,609,000 | 17,538,000 | 19,596,000 | 21,690,000 | 23,552,000 | 23,126,000 | 23,108,000 | 24,455,000 | 22,902,000 |
| ROA | 5.01% | 5.56% | 7.02% | 9.30% | 10.66% | 10.81% | 9.06% | 8.42% | 5.69% | 3.76% | 0.83% | -3.74% | -3.90% | -2.31% | -1.42% | 1.00% | 1.31% | 0.75% | 0.81% | 0.70% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,632,000K ÷ $32,569,000K
= 5.01%
Avis Budget Group Inc's return on assets (ROA) has exhibited fluctuation over the past eight quarters. The trend indicates a gradual decrease in ROA from Q4 2022 to Q1 2023, followed by a significant increase in Q2 2023. However, in the subsequent quarters, there has been a downward trend in ROA. Despite the variations, Avis Budget Group Inc's ROA has remained positive throughout the period, reflecting the company's ability to generate profits relative to its total assets. A deeper analysis may be required to understand the factors contributing to these fluctuations and to assess the overall efficiency and profitability of the company's asset utilization.
Peer comparison
Dec 31, 2023