Hertz Global Holdings Inc (HTZ)
Working capital 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 current assets | US$ in thousands | 764,000 | 594,000 | 682,000 | 728,000 | 943,000 | 1,006,000 | 1,041,000 | 1,521,000 | 2,258,000 | 2,703,000 | 1,820,000 | 1,087,000 | 1,096,000 | 1,420,000 | 1,400,000 | 1,017,000 | 865,000 | 465,000 | 415,000 | 554,000 |
| Total current liabilities | US$ in thousands | 3,096,000 | 2,082,000 | 2,635,000 | 1,819,000 | 1,738,000 | 1,903,000 | 2,176,000 | 1,810,000 | 1,592,000 | 1,731,000 | 1,969,000 | 2,266,000 | 2,979,000 | 1,514,000 | 1,580,000 | 2,854,000 | 2,425,000 | 2,421,000 | 3,037,000 | 2,901,000 |
| Working capital turnover | — | — | — | — | — | — | — | — | 11.02 | 6.81 | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $9,371,000K ÷ ($764,000K – $3,096,000K)
= —
The working capital turnover for Hertz Global Holdings Inc. has shown a consistent upward trend over the past five quarters, reaching a peak of 10.03 in Q4 2023 from 6.50 in Q4 2022. This indicates that the company has been effectively using its working capital to generate revenue. A working capital turnover above 1 suggests that the company is efficiently using its current assets to support its operations and sales. The consistent improvement demonstrates the company's ability to efficiently manage its working capital and indicates potential liquidity and efficiency improvements in its operations. However, further detailed analysis and comparison with industry benchmarks would provide a more comprehensive insight into the company's financial health.
Peer comparison
Dec 31, 2023