Hertz Global Holdings Inc (HTZ)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 11.90 | 11.74 | 2.55 | |
| DOH | days | — | — | 30.68 | 31.10 | 143.32 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Hertz Global Holdings Inc have decreased significantly from 143.32 days as of December 31, 2020, to 31.10 days as of December 31, 2021, and further to 30.68 days as of December 31, 2022. This indicates that the company has been more efficient in managing its inventory levels, holding less inventory for a shorter period before it is sold or used. A lower DOH suggests improved inventory turnover and potentially better cash flow as less capital is tied up in inventory. It is worth noting that data is not available for December 31, 2023, and December 31, 2024, which may be due to timing of data availability. Overall, the decreasing trend in DOH is generally a positive signal for Hertz Global Holdings Inc's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024