Avis Budget Group Inc (CAR)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,632,000 | 2,764,000 | 1,285,000 | -684,000 | 302,000 |
| Total stockholders’ equity | US$ in thousands | -349,000 | -703,000 | -220,000 | -155,000 | 656,000 |
| ROE | — | — | — | — | 46.04% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $1,632,000K ÷ $-349,000K
= —
Based on the provided data, Avis Budget Group Inc's return on equity (ROE) for the financial years ending in December 2019 was 46.04%. Unfortunately, the ROE figures for the subsequent years (2020, 2021, 2022, and 2023) are not available in the table, which limits the ability to track the trend in the company's ROE over time.
It is crucial to have access to ROE data for multiple years to assess the company's ability to generate profits from shareholders' equity effectively. A consistently high ROE indicates that the company is efficiently utilizing equity financing to generate profits, while a declining ROE may signal inefficiencies in the use of equity capital.
Without the complete ROE trend, it is challenging to provide a comprehensive analysis of Avis Budget Group Inc's return on equity performance and its implications for shareholders' value creation over the years. Further data and analysis would be necessary to understand the company's equity profitability and its sustainability in the long run.
Peer comparison
Dec 31, 2023