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

Company name
Symbol
ROE
Avis Budget Group Inc
CAR
Hertz Global Holdings Inc
HTZ
19.92%
Ryder System Inc
R
13.23%