Hertz Global Holdings Inc (HTZ)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 13.92 | 12.53 | 2.19 | 13.61 | |
| DOH | days | — | 26.23 | 29.13 | 166.81 | 26.81 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
As the table does not provide specific numerical values for the days of inventory on hand (DOH) for Hertz Global Holdings Inc. for the years ending December 31, 2023, 2022, and 2021, a detailed analysis based on these figures cannot be conducted.
However, I can provide an overview of how Days of Inventory on Hand (DOH) is typically calculated and interpreted. DOH is a financial ratio that measures the number of days a company holds its inventory before selling it. A lower DOH indicates that the company is efficient in managing its inventory and selling products quickly, while a higher DOH may suggest inefficiencies in inventory management or potential obsolescence.
In order to assess Hertz Global Holdings Inc.'s DOH and its trend over the specified years, you would need the inventory levels and cost of goods sold figures for each year. With this data, you can calculate the DOH by dividing the average inventory by the cost of goods sold and multiplying it by the number of days in the period.
It is recommended to obtain the specific financial data for Hertz Global Holdings Inc. for the indicated years in order to conduct a comprehensive analysis of the company's inventory management efficiency through the DOH metric.
Peer comparison
Dec 31, 2023