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