Hertz Global Holdings Inc (HTZ)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,049,000 | 9,371,000 | 8,685,000 | 7,336,000 | 5,258,000 |
| Property, plant and equipment | US$ in thousands | — | — | 12,495,000 | 608,000 | 2,341,000 |
| Fixed asset turnover | — | — | 0.70 | 12.07 | 2.25 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,049,000K ÷ $—K
= —
The fixed asset turnover ratio for Hertz Global Holdings Inc has displayed significant fluctuations over the years. In December 31, 2020, the ratio was 2.25, indicating that the company generated $2.25 in revenue for every $1 of fixed assets. This ratio improved significantly by December 31, 2021, reaching 12.07, suggesting that the company was utilizing its fixed assets more efficiently to drive revenue.
However, there was a notable decline in the fixed asset turnover ratio by December 31, 2022, dropping to 0.70. This may indicate a potential decrease in revenue generated from the company's fixed assets or a significant increase in the value of fixed assets on the balance sheet.
Unfortunately, the data for December 31, 2023, and December 31, 2024, is not available ("—"). It is essential to note that a consistent and stable fixed asset turnover ratio is typically preferred, as it highlights the company's ability to effectively utilize its fixed assets to generate revenue. fluctuating ratios may indicate inefficiencies in asset management or changes in the revenue generation process.
Peer comparison
Dec 31, 2024