Hertz Global Holdings Inc (HTZ)
Total asset 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 |
| Total assets | US$ in thousands | 24,605,000 | 25,554,000 | 26,095,000 | 23,749,000 | 22,497,000 | 21,694,000 | 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 | 24,627,000 | 25,541,000 | 26,354,000 | 24,030,000 |
| Total asset turnover | 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 | 0.40 | 0.38 | 0.37 | 0.40 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,371,000K ÷ $24,605,000K
= 0.38
Hertz Global Holdings Inc.'s total asset turnover has shown some fluctuation over the five quarters, ranging from 0.35 to 0.39. The ratio indicates that, on average, the company generated between $0.35 to $0.39 in revenue for every dollar of assets it held during the respective quarters. The decreasing trend from Q4 2022 to Q2 2023 suggests that the company may be becoming less efficient in utilizing its assets to generate sales. However, the slight increase in Q4 2023 compared to the previous quarter may indicate a potential reversal of this trend. Further analysis and comparison with industry benchmarks would provide additional insights into the company's asset utilization efficiency.
Peer comparison
Dec 31, 2023