Hertz Global Holdings Inc (HTZ)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,049,000 | 9,371,000 | 8,685,000 | 7,336,000 | 5,258,000 |
| Total assets | US$ in thousands | 21,802,000 | 24,605,000 | 22,497,000 | 19,783,000 | 16,908,000 |
| Total asset turnover | 0.42 | 0.38 | 0.39 | 0.37 | 0.31 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,049,000K ÷ $21,802,000K
= 0.42
Hertz Global Holdings Inc's total asset turnover has been showing an improving trend over the past five years. The ratio has increased from 0.31 in December 31, 2020, to 0.42 in December 31, 2024. This indicates that the company is generating more revenue for each dollar of assets during this period.
A higher total asset turnover ratio signifies that the company is effectively utilizing its assets to generate sales. It indicates efficiency in asset management and suggests that the company is able to generate sales more efficiently with lower levels of investment in assets.
Going forward, it will be important for Hertz Global Holdings Inc to continue monitoring and improving its total asset turnover ratio to ensure optimal utilization of its resources and sustained growth in revenue generation.
Peer comparison
Dec 31, 2024