Hertz Global Holdings Inc (HTZ)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,049,000 | 9,193,000 | 9,320,000 | 9,404,000 | 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 |
| Total assets | US$ in thousands | 21,802,000 | 22,979,000 | 25,185,000 | 24,310,000 | 24,605,000 | 25,554,000 | 26,095,000 | 23,749,000 | 22,497,000 | 21,693,000 | 22,066,000 | 20,941,000 | 19,783,000 | 19,593,000 | 19,007,000 | 16,610,000 | 16,908,000 | 18,757,000 | 23,116,000 | 25,842,000 |
| Total asset turnover | 0.42 | 0.40 | 0.37 | 0.39 | 0.38 | 0.36 | 0.35 | 0.38 | 0.39 | 0.40 | 0.38 | 0.38 | 0.37 | 0.34 | 0.30 | 0.28 | 0.31 | 0.34 | 0.34 | 0.37 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,049,000K ÷ $21,802,000K
= 0.42
The total asset turnover ratio measures how efficiently a company is utilizing its total assets to generate revenue. For Hertz Global Holdings Inc, the total asset turnover ratio has fluctuated over the period analyzed. It decreased from 0.37 in March 2020 to a low of 0.28 in March 2021. This decline may indicate a decrease in the company's ability to generate sales relative to its total assets during that period.
However, there was a slight recovery in the ratio from March 2021 onwards, reaching 0.42 by December 2024. This improvement suggests that Hertz Global Holdings Inc was able to enhance its asset utilization efficiency and generate more revenue relative to its total assets in the later periods.
Overall, a total asset turnover ratio of 0.42 by December 2024 indicates that for every dollar of total assets held by the company, it generated $0.42 in sales revenue. This metric reflects the effectiveness of Hertz Global Holdings Inc in leveraging its assets to drive business operations and revenue generation.
Peer comparison
Dec 31, 2024