Avis Budget Group Inc (CAR)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -1,550,000 | 1,665,000 | 2,057,000 | 2,531,000 | 2,820,000 | 3,030,000 | 3,520,000 | 3,963,000 | 4,337,000 | 4,340,000 | 3,866,000 | 3,216,000 | 2,259,000 | 2,035,000 | 1,103,000 | 7,000 | 19,000 | -2,580,000 | -2,324,000 | -1,620,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -2,327,000 | -238,000 | -490,000 | -515,000 | -349,000 | -33,000 | -129,000 | -444,000 | -703,000 | -509,000 | -654,000 | -992,000 | -220,000 | -198,000 | 92,000 | -316,000 | -155,000 | -76,000 | -153,000 | 292,000 |
| Return on total capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 1,198.91% | — | — | — | — | -554.79% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-1,550,000K ÷ ($—K + $-2,327,000K)
= —
Avis Budget Group Inc's return on total capital has shown fluctuations over the periods provided. As of March 31, 2020, the return on total capital was reported at a negative 554.79%, indicating that the company's capital was not generating sufficient returns. However, data for subsequent periods up to June 30, 2021, is not available.
From June 30, 2021, to June 30, 2022, there was a significant improvement in the return on total capital, reaching 1,198.91%, which suggests that the company was able to generate substantial returns relative to its total invested capital during that period.
For the periods post-June 30, 2022, data was not provided, so it is uncertain how the return on total capital evolved during these periods.
In conclusion, based on the available data points, Avis Budget Group Inc experienced a drastic change in its return on total capital from a negative percentage to a very high positive percentage. This improvement indicates a potentially positive shift in the company's ability to generate returns in relation to its total capital.
Peer comparison
Dec 31, 2024