Hertz Global Holdings Inc (HTZ)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 749,000 | 2,075,000 | 2,412,000 | 396,000 | 3,040,000 |
| Revenue | US$ in thousands | 9,371,000 | 8,685,000 | 7,336,000 | 5,258,000 | 9,779,000 |
| Gross profit margin | 7.99% | 23.89% | 32.88% | 7.53% | 31.09% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $749,000K ÷ $9,371,000K
= 7.99%
Based on the data provided, Hertz Global Holdings Inc. has maintained a consistent gross profit margin of 100.00% over the last three years. A gross profit margin of 100.00% indicates that the company is generating revenue that fully covers the cost of goods sold, resulting in a profit on each sale. This high gross profit margin may suggest that Hertz Global Holdings Inc. effectively manages its production costs and pricing strategies to generate a significant profit from its core operations. However, it is essential to complement this analysis with a more in-depth examination of other financial metrics and operational factors for a comprehensive understanding of the company's overall financial health.
Peer comparison
Dec 31, 2023