Hertz Global Holdings Inc (HTZ)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -2,862,000 | 616,000 | 2,059,000 | 366,000 | -1,723,000 |
| Total assets | US$ in thousands | 21,802,000 | 24,605,000 | 22,497,000 | 19,783,000 | 16,908,000 |
| ROA | -13.13% | 2.50% | 9.15% | 1.85% | -10.19% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-2,862,000K ÷ $21,802,000K
= -13.13%
Hertz Global Holdings Inc's return on assets (ROA) experienced fluctuations during the period from December 31, 2020, to December 31, 2024. The ROA stood at -10.19% at the end of 2020, indicating that the company incurred a loss relative to its total assets. However, there was a significant improvement in the following years, with the ROA increasing to 1.85% by the end of 2021, 9.15% by the end of 2022, and 2.50% by the end of 2023.
Despite the positive trend in the initial years, the ROA took a downturn by the end of 2024, dropping to -13.13%. This decline suggests that the company's profitability relative to its assets deteriorated significantly in that specific period.
Overall, the varying ROA values over the years indicate fluctuations in Hertz Global Holdings Inc's ability to generate profits from its total assets. It is essential for investors and stakeholders to monitor these changes closely to assess the company's operational efficiency and financial performance accurately.
Peer comparison
Dec 31, 2024