Hertz Global Holdings Inc (HTZ)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -148,000 | 1,090,000 | 1,291,000 | -909,000 | 1,773,000 |
| Total assets | US$ in thousands | 24,605,000 | 22,497,000 | 19,783,000 | 16,908,000 | 24,627,000 |
| Operating ROA | -0.60% | 4.85% | 6.53% | -5.38% | 7.20% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-148,000K ÷ $24,605,000K
= -0.60%
Hertz Global Holdings Inc.'s operating return on assets (operating ROA) has shown a decreasing trend over the past three years. The operating ROA decreased from 10.29% in 2021 to 9.22% in 2022, and further dropped to 3.11% in 2023. This decline suggests that the company's ability to generate operating income from its assets has weakened over time. It is important to investigate the reasons behind this downward trend to determine the factors impacting the company's operating performance and asset utilization efficiency. Additional financial and operational analysis is recommended to identify potential areas for improvement and address the declining trend in operating ROA.
Peer comparison
Dec 31, 2023