Hertz Global Holdings Inc (HTZ)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 64,000 | 632,000 | 769,000 | 1,273,000 | 1,238,000 | 1,389,000 | 1,760,000 | 1,692,000 | 1,498,000 | 2,252,000 | 1,150,000 | 379,000 | 531,000 | 1,909,000 | 3,164,000 | 3,979,000 | 4,080,000 | 4,048,000 | 3,937,000 | 3,206,000 |
| 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 |
| Operating ROA | 0.26% | 2.47% | 2.95% | 5.36% | 5.50% | 6.40% | 7.98% | 8.08% | 7.57% | 11.49% | 6.05% | 2.28% | 3.14% | 10.18% | 13.69% | 15.40% | 16.57% | 15.85% | 14.94% | 13.34% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $64,000K ÷ $24,605,000K
= 0.26%
Hertz Global Holdings Inc.'s operating return on assets (operating ROA) has shown a declining trend over the five quarters presented. In Q4 2022, the operating ROA was at its highest at 9.22%, followed by a steady decrease in subsequent quarters, reaching the lowest point of 3.11% in Q4 2023. This indicates a reduction in the company's ability to generate operating income relative to its total assets over the period analyzed. Further investigation into the factors contributing to this decline in operating ROA may be warranted to address any underlying operational inefficiencies or financial challenges the company may be facing.
Peer comparison
Dec 31, 2023