Hertz Global Holdings Inc (HTZ)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $8,622,000K ÷ $—K
= —
Based on the data provided, the payables turnover ratio for Hertz Global Holdings Inc. has been consistently reported as 0.00 for the years ending on December 31, 2021, 2022, and 2023. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable turnover during these periods. This could suggest that the company is not efficiently utilizing its suppliers' credit terms or not paying its suppliers promptly.
A low or zero payables turnover ratio may also indicate potential liquidity issues, as the company may be holding onto cash instead of paying its bills in a timely manner. It could also signal that the company is not effectively managing its working capital or relationships with its suppliers.
Overall, a consistent payables turnover ratio of 0.00 over multiple years is a concerning sign and warrants further investigation into Hertz Global Holdings Inc.'s accounts payable management practices and financial health.
Peer comparison
Dec 31, 2023