Avis Budget Group Inc (CAR)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -1,821,000 | 396,000 | 785,000 | 1,206,000 | 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 |
| 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 |
| ROA | -6.27% | 1.21% | 2.32% | 3.60% | 4.88% | 19.48% | 24.24% | 9.30% | 10.66% | 10.81% | 9.06% | 8.42% | 5.69% | 3.76% | 1.40% | -3.74% | -3.90% | -2.31% | -1.42% | 1.00% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-1,821,000K ÷ $29,041,000K
= -6.27%
Avis Budget Group Inc's return on assets (ROA) has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ROA started at 1.00% in March 2020, dipped into negative territory reaching its lowest point at -3.90% in December 2020, before gradually improving in subsequent quarters.
From March 31, 2021, to June 30, 2022, the ROA demonstrated positive growth, with peaks of 9.06% in June 2022 and 10.81% in September 2022. However, there was a significant surge in ROA to 24.24% in June 2023, followed by a slight decline to 19.48% in September 2023.
In the latter part of the data, the ROA declined notably, dropping to 1.21% in September 30, 2024, before reaching its lowest point of -6.27% in December 31, 2024.
Overall, the ROA trend indicates periods of improvement and decline in the company's ability to generate profits relative to its total assets. This performance metric is crucial for assessing how effectively Avis Budget Group Inc utilizes its assets to generate earnings for its shareholders.
Peer comparison
Dec 31, 2024