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