Hertz Global Holdings Inc (HTZ)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 9,300,000 | 9,336,000 | 8,567,000 | 7,941,000 | 7,487,000 | 7,039,000 | 6,866,000 | 6,830,000 | 6,607,000 | 6,122,000 | 5,513,000 | 4,953,000 | 4,609,000 | 4,672,000 | 4,610,000 | 4,812,000 | 5,660,000 | 6,422,000 | 7,402,000 | 8,110,000 |
| Inventory | US$ in thousands | — | — | -5,000 | -6,000 | -284,000 | 462,000 | 484,000 | 514,000 | 475,000 | 502,000 | -99,000 | — | 393,000 | 763,000 | 875,000 | 1,353,000 | 2,222,000 | 745,000 | 945,000 | 392,000 |
| Inventory turnover | — | — | — | — | — | 15.24 | 14.19 | 13.29 | 13.91 | 12.20 | — | — | 11.73 | 6.12 | 5.27 | 3.56 | 2.55 | 8.62 | 7.83 | 20.69 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $9,300,000K ÷ $—K
= —
Hertz Global Holdings Inc's inventory turnover has shown fluctuations over the years based on the provided data. Inventory turnover is a key ratio that indicates how efficiently a company manages its inventory. It is calculated by dividing the cost of goods sold by the average inventory for a specific period.
From March 31, 2020, to December 31, 2021, Hertz's inventory turnover ranged from a high of 20.69 to a low of 2.55. This suggests that the company was efficiently managing its inventory in March 2020 but faced challenges in this aspect by December 2021.
In the subsequent periods from March 31, 2022, to December 31, 2023, the inventory turnover improved, reaching a peak of 15.24 on September 30, 2023. This indicates that the company was able to enhance its inventory management practices during this time frame.
However, the data shows that from March 31, 2024, onwards, specific figures are not available, indicating missing data for the inventory turnover ratio for those periods.
Overall, based on the fluctuations observed in the inventory turnover ratio over the years, it is crucial for Hertz Global Holdings Inc to focus on maintaining a balance between having too much or too little inventory to ensure efficient operations and profitability.
Peer comparison
Dec 31, 2024
Dec 31, 2024