Hertz Global Holdings Inc (HTZ)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,371,000 | 9,222,000 | 9,015,000 | 8,922,000 | 8,685,000 | 8,599,000 | 8,329,000 | 7,858,000 | 7,337,000 | 6,623,000 | 5,665,000 | 4,624,000 | 5,258,000 | 6,349,000 | 7,917,000 | 9,596,000 | 9,780,000 | 9,748,000 | 9,670,000 | 9,548,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,371,000K ÷ $—K
= —
The receivables turnover ratio for Hertz Global Holdings Inc. has exhibited fluctuations over the past five quarters. In Q4 2023, the receivables turnover ratio was 7.87, indicating that the company collected its receivables approximately 7.87 times during the quarter. This represented a decrease from the previous quarter's ratio of 8.63 in Q1 2023.
The trend over the last five quarters shows a general decline in the receivables turnover ratio since Q1 2023. The ratio was highest in Q4 2022 at 8.92 and has been gradually decreasing since then.
A lower receivables turnover ratio may suggest that the company is taking longer to collect payments from its customers, which could potentially impact cash flow and working capital management. It is important for the company to monitor and analyze this trend to ensure efficient management of its accounts receivable and cash flow.
Peer comparison
Dec 31, 2023