Hertz Global Holdings Inc (HTZ)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 749,000 | 1,237,000 | 1,414,000 | 1,858,000 | 2,158,000 | 2,569,000 | 2,842,000 | 2,699,000 | 2,462,000 | 3,432,000 | 2,289,000 | 1,504,000 | 1,673,000 | 2,475,000 | 3,819,000 | 4,724,000 | 4,862,000 | 4,830,000 | 4,752,000 | 4,028,000 |
| 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 |
| Gross profit margin | 7.99% | 13.41% | 15.68% | 20.82% | 24.85% | 29.88% | 34.12% | 34.35% | 33.56% | 51.82% | 40.41% | 32.53% | 31.82% | 38.98% | 48.24% | 49.23% | 49.71% | 49.55% | 49.14% | 42.19% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $749,000K ÷ $9,371,000K
= 7.99%
The gross profit margin of Hertz Global Holdings Inc. has remained consistent at 100% over the five quarters presented. This indicates that the company is effectively managing the cost of goods sold relative to its revenue during this period. A gross profit margin of 100% suggests that the company is able to sell its products or services at a price significantly higher than the cost of producing them. However, it is also essential to consider factors such as pricing strategy, competition, and changes in production costs to gain a complete understanding of the company's profitability and operational efficiency.
Peer comparison
Dec 31, 2023