Hertz Global Holdings Inc (HTZ)
Payables turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,622,000 | 7,985,000 | 7,601,000 | 7,064,000 | 6,527,000 | 6,030,000 | 5,487,000 | 5,159,000 | 4,875,000 | 3,191,000 | 3,376,000 | 3,120,000 | 3,585,000 | 5,592,000 | 5,816,000 | 6,590,000 | 6,636,000 | 6,623,000 | 6,623,000 | 7,225,000 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $8,622,000K ÷ $—K
= —
The payables turnover ratio for Hertz Global Holdings Inc. has been consistently reported as 0.00 in all quarters for the past five periods. This indicates that the company is not effectively managing its accounts payable turnover during the periods under review. A payables turnover ratio of 0.00 suggests that Hertz is not utilizing its trade credit efficiently or paying its suppliers promptly. This could have implications for the company's cash flow management, supplier relationships, and overall liquidity position. Further investigation into the company's payables management practices and financial health may be warranted to address this issue.
Peer comparison
Dec 31, 2023