Hertz Global Holdings Inc (HTZ)

Receivables turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Revenue US$ in thousands 9,371,000 8,685,000 7,336,000 5,258,000 9,779,000
Receivables US$ in thousands
Receivables turnover

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $9,371,000K ÷ $—K
= —

The receivables turnover ratio for Hertz Global Holdings Inc. has shown a decreasing trend over the past three years. In 2021, the company had a receivables turnover of 9.68, which decreased to 8.92 in 2022, and further declined to 7.87 in 2023.

A decreasing receivables turnover ratio indicates that the company is taking longer to collect its accounts receivable, which may be a cause for concern. It could suggest potential issues with the company's credit policies, collection practices, or the creditworthiness of its customers.

Overall, Hertz Global Holdings Inc. should investigate the reasons behind the declining receivables turnover ratio and take necessary actions to improve its accounts receivable management in order to enhance its overall financial performance and liquidity.


Peer comparison

Dec 31, 2023

Company name
Symbol
Receivables turnover
Hertz Global Holdings Inc
HTZ
Avis Budget Group Inc
CAR
13.34
Ryder System Inc
R
6.87