Avis Budget Group (Avis Budget Group) ROCE % : 3.19% (As of Dec. 2023)

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What is Avis Budget Group ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Avis Budget Group's annualized ROCE % for the quarter that ended in Dec. 2023 was 3.19%.

Avis Budget Group ROCE % Historical Data

The historical data trend for Avis Budget Group's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Avis Budget Group ROCE % Chart

Avis Budget Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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2.43

-3.99

10.80

17.85

8.30

Avis Budget Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															10.22	7.83	10.02	11.53	3.19

Avis Budget Group ROCE % Calculation

Avis Budget Group's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2210	/	( ( (25927 - 2574)	+	(32569 - 2659) )	/ 2 )
	=	2210	/	( (23353	+	29910)	/ 2 )
	=	2210	/	26631.5
	=	8.30 %

Avis Budget Group's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	948	/	( ( (32304 - 2763)	+	(32569 - 2659) )	/ 2 )
	=	948	/	( ( 29541	+	29910 )	/ 2 )
	=	948	/	29725.5
	=	3.19 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Avis Budget Group (NAS:CAR) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Avis Budget Group ROCE % Related Terms

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Avis Budget Group (Avis Budget Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avis Budget Group Inc (NAS:CAR) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CAR:Mexico CUCA:Germany CAR:Argentina

Address

6 Sylvan Way, Parsippany, NJ, USA, 07054

Website

https://www.avisbudgetgroup.com

Avis Budget Group Inc is a provider of automotive vehicle rental and car-sharing services. Its brands include Avis, Budget, and Zipcar. Avis is targeted to serve the premium commercial and leisure segments of the travel industry, while Budget is focused on value-conscious customers. The company operates its own network of rental locations and licenses its brands to franchisees. Zipcar is a car-sharing service that allows members to use the company-owned Zipcar fleet at an hourly rate. The company's largest region by revenue is the Americas.

Executives

Joseph A. Ferraro	officer: President, Americas	6 SYLVAN WAY, PARSIPPANY NJ 07054
Izilda P Martins	officer: Sr VP and Acting CAO	6 SYLVAN WAY, PARSIPPANY NJ 07054
Patrick K Rankin	officer: President, International	6 SYLVAN WAY, PARSIPPANY NJ 07054
Lynn Krominga	director	6 SYLVAN WAY, PARSIPPANY NJ 07054
Edward P Linnen	officer: SVP, Chief HR Officer	6 SYLVAN WAY, PARSIPPANY NJ 07054
Bernardo Hees	director	C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Karthik R. Sarma	director, 10 percent owner	ONE BRYANT PARK, 39TH FLOOR, NEW YORK NY 10036
Jean M Sera	officer: SVP, GC & Corp. Sec.	AVIS BUDGET GROUP, 6 SYLVAN WAY, PARSIPPANY NJ 07054
Glenn Lurie	director	C/O SYNCHRONOSS TECHNOLOGIES, INC., 200 CROSSING BLVD., BRIDGEWATER NJ 08807
Ravi Simhambhatla	officer: EVP, CDIO - see remarks	6 SYLVAN WAY, AVIS BUDGET GROUP, INC., PARSIPPANY NJ 07054
Anu Hariharan	director	2550 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025
Cathleen Degenova	officer: Chief Accounting Officer	6 SYLVAN WAY, PARSIPPANY NJ 07054
Veresh Sita	officer: EVP, CDIO (1)	6 SYLVAN WAY, AVIS BUDGET GROUP, INC., PARSIPPANY NJ 07054
Brian J Choi	director	C/O SRS INVESTMENT MANAGEMENT, LLC, ONE BRYANT PARK, 39TH FLOOR, NEW YORK NY 10036
Srs Investment Management, Llc	10 percent owner	1 BRYANT PARK, 39TH FLOOR, NEW YORK NY 10036