Avis Historical Income Statement
| CAR Stock | USD 80.98 0.04 0.05% |
Historical analysis of Avis Budget income statement accounts such as Interest Expense of 359.9 M, Selling General Administrative of 1.2 B or Total Revenue of 7 B can show how well Avis Budget Group performed in making a profits. Evaluating Avis Budget income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Avis Budget's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Avis Budget Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Avis Budget Group is a good buy for the upcoming year.
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About Avis Income Statement Analysis
Avis Budget Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Avis Budget shareholders. The income statement also shows Avis investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Avis Budget Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Avis Budget Group financial statement analysis. It represents the amount of money remaining after all of Avis Budget Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most accounts from Avis Budget's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Avis Budget Group current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avis Budget Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Avis Budget's Income Tax Expense is relatively stable compared to the past year. As of 12/22/2024, Extraordinary Items is likely to grow to about 267.6 M, while Total Revenue is likely to drop slightly above 7 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 218M | 250M | 296M | 359.9M | Depreciation And Amortization | 2.5B | 2.8B | 3.5B | 3.6B |
Avis Budget income statement Correlations
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Avis Budget Account Relationship Matchups
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High Negative Relationship
Avis Budget income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 207M | 2.6B | 2.5B | 2.8B | 3.5B | 3.6B | |
| Interest Expense | 178M | 231M | 218M | 250M | 296M | 359.9M | |
| Selling General Administrative | 1.2B | 703M | 1.1B | 1.3B | 1.5B | 1.2B | |
| Total Revenue | 9.2B | 5.4B | 9.3B | 12.0B | 12.0B | 7.0B | |
| Gross Profit | 6.8B | 3.7B | 7.8B | 10.8B | 4.8B | 4.7B | |
| Other Operating Expenses | 8.6B | 5.9B | 7.2B | 8.1B | 8.8B | 6.1B | |
| Operating Income | 579M | (529M) | 2.1B | 3.9B | 3.2B | 3.4B | |
| Ebit | 579M | (387M) | 2.3B | 4.3B | 2.2B | 1.1B | |
| Ebitda | 786M | 2.2B | 4.7B | 7.1B | 5.7B | 5.9B | |
| Cost Of Revenue | 2.4B | 1.7B | 1.5B | 1.2B | 7.2B | 7.6B | |
| Total Operating Expenses | 6.2B | 4.2B | 5.7B | 6.9B | 1.6B | 1.5B | |
| Income Before Tax | 287M | (956M) | 1.7B | 3.6B | 1.9B | 2.0B | |
| Total Other Income Expense Net | (292M) | (965M) | (423M) | (270M) | (1.3B) | (1.2B) | |
| Net Income | 302M | (684M) | 1.3B | 2.8B | 1.6B | 1.7B | |
| Income Tax Expense | (15M) | (272M) | 425M | 880M | 279M | 293.0M | |
| Net Income Applicable To Common Shares | 272M | (684M) | 1.3B | 2.8B | 2.5B | 2.6B | |
| Net Income From Continuing Ops | 272M | (684M) | 1.3B | 2.8B | 1.8B | 1.9B | |
| Non Recurring | (22M) | (80M) | 118M | 64M | 19M | 21.9M | |
| Non Operating Income Net Other | (19M) | (12M) | (9M) | (136M) | (156.4M) | (148.6M) | |
| Tax Provision | (15M) | (272M) | 425M | 880M | 469M | 492.5M | |
| Net Interest Income | (522M) | (549M) | (531M) | (250M) | (290M) | (304.5M) | |
| Reconciled Depreciation | 3.1B | 2.6B | 272M | 225M | 3.4B | 3.6B |
Pair Trading with Avis Budget
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avis Budget position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avis Budget will appreciate offsetting losses from the drop in the long position's value.Moving together with Avis Stock
Moving against Avis Stock
The ability to find closely correlated positions to Avis Budget could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avis Budget when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Avis Budget - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Avis Budget Group to buy it.
The correlation of Avis Budget is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avis Budget moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avis Budget Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Avis Budget can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Avis Stock Analysis
When running Avis Budget's price analysis, check to measure Avis Budget's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Avis Budget is operating at the current time. Most of Avis Budget's value examination focuses on studying past and present price action to predict the probability of Avis Budget's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Avis Budget's price. Additionally, you may evaluate how the addition of Avis Budget to your portfolios can decrease your overall portfolio volatility.