Hertz Global Holdings Inc (HTZ)

Inventory turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cost of revenue US$ in thousands 8,622,000 6,610,000 4,924,000 4,862,000 6,739,000
Inventory US$ in thousands -284,000 475,000 393,000 2,222,000 495,000
Inventory turnover 13.92 12.53 2.19 13.61

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $8,622,000K ÷ $-284,000K
= —

Based on the provided data, it appears that information regarding Hertz Global Holdings Inc.'s inventory turnover for the years ending on December 31, 2023, December 31, 2022, and December 31, 2021 is not available. Inventory turnover is a crucial financial metric that indicates how efficiently a company manages its inventory by measuring the number of times the inventory is sold and replaced within a specific period.

Without access to the specific values for the inventory turnover ratio, it is challenging to assess how effectively Hertz Global Holdings Inc. is converting its inventory into sales. A higher inventory turnover ratio often indicates strong sales and efficient inventory management, while a lower ratio may suggest slow sales or excessive inventory levels.

In the absence of the actual figures, further insights into the company's inventory management performance cannot be provided. It would be beneficial for stakeholders and investors to monitor future financial reports to evaluate changes in Hertz Global Holdings Inc.'s inventory turnover ratio and its impact on the company's operational efficiency and financial health.


Peer comparison

Dec 31, 2023

Company name
Symbol
Inventory turnover
Hertz Global Holdings Inc
HTZ
Avis Budget Group Inc
CAR
Ryder System Inc
R