Hertz Global Holdings Inc (HTZ)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -2,862,000 | -2,731,000 | -770,000 | 234,000 | 616,000 | 1,080,000 | 1,028,000 | 1,829,000 | 2,059,000 | 1,683,000 | 1,711,000 | 603,000 | 367,000 | 338,000 | -489,000 | -1,168,000 | -1,714,000 | -1,543,000 | -1,152,000 | -267,000 |
| Total assets | US$ in thousands | 21,802,000 | 22,979,000 | 25,185,000 | 24,310,000 | 24,605,000 | 25,554,000 | 26,095,000 | 23,749,000 | 22,497,000 | 21,693,000 | 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 |
| ROA | -13.13% | -11.88% | -3.06% | 0.96% | 2.50% | 4.23% | 3.94% | 7.70% | 9.15% | 7.76% | 7.75% | 2.88% | 1.86% | 1.73% | -2.57% | -7.03% | -10.14% | -8.23% | -4.98% | -1.03% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-2,862,000K ÷ $21,802,000K
= -13.13%
Hertz Global Holdings Inc's return on assets (ROA) has shown significant fluctuations over the period from March 31, 2020, to December 31, 2024. The ROA started at a low of -1.03% in March 2020 and deteriorated further to -4.98% in June 2020, indicating poor asset utilization and decreased profitability.
The trend continued to worsen, with ROA reaching its lowest point of -13.13% by December 31, 2024, indicating a substantial decline in the company's ability to generate profits relative to its total assets. This negative trend suggests inefficiencies in Hertz's asset management or declining profitability relative to its asset base during this period.
However, there were some improvements in ROA during the later periods, particularly from June 30, 2022, to March 31, 2024, where the ROA increased steadily from 7.75% to 4.23%. This indicates a positive shift in the company's profitability relative to its assets, signaling potential improvements in operational efficiency and profitability.
Overall, the ROA trend for Hertz Global Holdings Inc reflects a mixed performance with periods of both negative and positive returns on assets, pointing to the importance of effective asset management and operational performance to drive profitability in the future.
Peer comparison
Dec 31, 2024