Hertz Global Holdings Inc (HTZ)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | 15.24 | 14.19 | 13.29 | 13.91 | 12.20 | — | — | 11.73 | 6.12 | 5.27 | 3.56 | 2.55 | 8.62 | 7.83 | 20.69 | |
| DOH | days | — | — | — | — | — | 23.96 | 25.73 | 27.47 | 26.24 | 29.93 | — | — | 31.12 | 59.61 | 69.28 | 102.63 | 143.29 | 42.34 | 46.60 | 17.64 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Days of Inventory on Hand (DOH) is a financial ratio that measures the average number of days a company takes to sell its inventory. For Hertz Global Holdings Inc, the trend of DOH over the past few years shows fluctuations and some significant changes.
In March 2020, the DOH was 17.64 days, indicating that Hertz was efficient in managing its inventory and selling off stock quickly. However, by December 2020, the DOH had surged to 143.29 days, which is a concerning sign as it suggests that Hertz was struggling to sell its inventory efficiently, potentially leading to excess inventory or slow-moving goods.
Subsequently, there was a gradual improvement in inventory management as the DOH decreased to 31.12 days by December 2021. This reduction continued into 2022 and 2023, with the DOH declining further to 23.96 days by September 2023, indicating more effective inventory turnover and management.
The decreasing trend continued, with the DOH reaching 25.73 days by June 2023 and further dropping to 23.96 days by September 2023. This suggests that Hertz was able to optimize its inventory levels and improve its sales efficiency.
As of the latest available data in December 2024, the DOH remains unspecified. This may indicate a lack of data for that period or a change in reporting practices.
Overall, the analysis of Hertz Global Holdings Inc's DOH highlights a mix of challenges and improvements in inventory management over the period, with a significant turnaround from high levels to more optimal inventory turnover ratios.
Peer comparison
Dec 31, 2024