Hertz Global Holdings Inc (HTZ)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,049,000 | 9,193,000 | 9,320,000 | 9,404,000 | 9,371,000 | 9,222,000 | 9,015,000 | 8,922,000 | 8,685,000 | 8,599,000 | 8,329,000 | 7,858,000 | 7,337,000 | 6,623,000 | 5,665,000 | 4,624,000 | 5,258,000 | 6,349,000 | 7,917,000 | 9,596,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 15,845,000 | 13,858,000 | 12,495,000 | 12,023,000 | 2,167,000 | 611,000 | 608,000 | 2,062,000 | 2,122,000 | 2,217,000 | 2,341,000 | — | — | — |
| Fixed asset turnover | — | — | — | — | — | — | 0.57 | 0.64 | 0.70 | 0.72 | 3.84 | 12.86 | 12.07 | 3.21 | 2.67 | 2.09 | 2.25 | — | — | — |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,049,000K ÷ $—K
= —
The fixed asset turnover ratio measures a company's ability to generate revenue from its investment in fixed assets. It is calculated by dividing net sales by average fixed assets. In the case of Hertz Global Holdings Inc, the fixed asset turnover has fluctuated significantly over the past few years.
From December 31, 2020, to June 30, 2022, the fixed asset turnover ratio experienced a substantial increase from 2.25 to 3.84. This suggests that the company was able to generate more revenue relative to its investment in fixed assets during this period. However, the ratio sharply declined to 0.72 by September 30, 2022, and further decreased to 0.70 by December 31, 2022, indicating a significant decrease in revenue generated from fixed assets.
The ratio continued to deteriorate, reaching 0.57 by June 30, 2023. This downward trend may signal inefficiencies in asset utilization or a decline in sales relative to the fixed assets employed. The absence of data for the subsequent periods suggests a lack of visibility into the company's fixed asset turnover performance.
The significant fluctuations in Hertz Global Holdings Inc's fixed asset turnover ratio over the analyzed period may warrant further investigation into the company's operational efficiency, asset management, and sales performance to understand the underlying factors driving these changes.
Peer comparison
Dec 31, 2024