Hertz Global Holdings Inc (HTZ)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 616,000 | 2,059,000 | 366,000 | -1,714,000 | -58,000 |
| Total stockholders’ equity | US$ in thousands | 3,092,000 | 2,645,000 | 2,977,000 | 56,000 | 1,769,000 |
| ROE | 19.92% | 77.84% | 12.29% | -3,060.71% | -3.28% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $616,000K ÷ $3,092,000K
= 19.92%
Hertz Global Holdings Inc.'s return on equity (ROE) has shown significant fluctuations over the past three years. In 2023, the ROE stood at 19.92%, a substantial decrease from the previous year's exceptionally high ROE of 77.84% in 2022. The negative ROE of -2.82% in 2021 indicates that the company's net income was insufficient to cover shareholder equity, resulting in a loss. The decreasing trend from 2022 to 2023 raises concerns about the company's profitability and efficiency in generating returns for shareholders. Further analysis of Hertz Global Holdings Inc.'s financial performance and operational strategies may be necessary to identify the factors contributing to these ROE fluctuations and to assess the company's future prospects.
Peer comparison
Dec 31, 2023