Hertz Global Holdings Inc (HTZ)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 9,300,000 | 7,643,000 | 5,651,000 | 4,613,000 | 5,659,000 |
| Inventory | US$ in thousands | — | -284,000 | 475,000 | 393,000 | 2,222,000 |
| Inventory turnover | — | — | 11.90 | 11.74 | 2.55 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $9,300,000K ÷ $—K
= —
Hertz Global Holdings Inc's inventory turnover has shown a significant increase over the years, reflecting improvements in managing its inventory levels efficiently. The inventory turnover ratio increased from 2.55 in December 31, 2020, to 11.74 in December 31, 2021, and further to 11.90 in December 31, 2022. This indicates that the company is selling and replenishing its inventory at a much faster rate in recent years, potentially reducing carrying costs and minimizing the risk of obsolete inventory.
The absence of data for December 31, 2023, and December 31, 2024, suggests possible changes in reporting practices or internal operations during those periods, which may have affected the calculation or availability of inventory turnover data. Overall, the trend of increasing inventory turnover is a positive indication of Hertz Global Holdings Inc's ability to efficiently utilize its inventory resources to generate sales, improve cash flow, and enhance overall operational performance.
Peer comparison
Dec 31, 2024