Avis Budget Group's Total Assets for the quarter that ended in Dec. 2023 was $32,569 Mil.
During the past 12 months, Avis Budget Group's average Total Assets Growth Rate was 26.30% per year.
During the past 3 years, the average Total Assets Growth Rate was 23.90% per year.
During the past 5 years, the average Total Assets Growth Rate was 10.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 6.00% per year.
During the past 13 years, Avis Budget Group's highest 3-Year average Total Assets Growth Rate was 219.70%. The lowest was -33.70%. And the median was 15.00%.
Total Assets is connected with ROA %. Avis Budget Group's annualizedROA % for the quarter that ended in Dec. 2023 was 3.19%. Total Assets is also linked to Revenue through Asset Turnover. Avis Budget Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.09.
Avis Budget Group Total Assets Historical Data
The historical data trend for Avis Budget Group's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Avis Budget Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Avis Budget Group (NAS:CAR) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Avis Budget Group's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Avis Budget Group Total Assets Related Terms
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Avis Budget Group (Avis Budget Group) Business Description
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.
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