Hertz Global Holdings Inc (HTZ)
Days of sales outstanding (DSO)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| DSO | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
The Days of Sales Outstanding (DSO) for Hertz Global Holdings Inc. have shown some fluctuations over the past five quarters. In Q4 2023, the DSO was 46.39 days, which was lower compared to Q3 2023 and Q2 2023 where DSO was 55.69 days and 52.31 days respectively. However, it was higher than Q1 2023's DSO of 42.30 days. In comparison to the same quarter in the previous year (Q4 2022), the DSO has increased from 40.93 days to 46.39 days in Q4 2023.
A higher DSO indicates that the company is taking longer to collect its accounts receivable, which may be a sign of potential cash flow issues or credit management challenges. Conversely, a lower DSO could indicate that the company is collecting payments more efficiently, improving its cash flow position.
It is essential for Hertz Global Holdings Inc. to monitor and manage its DSO effectively to ensure timely collection of receivables and maintain a healthy cash flow position. Further analysis and comparison with industry peers may provide additional insights into the company's credit and collection practices.
Peer comparison
Dec 31, 2023