Hertz Global Holdings Inc (HTZ)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | -1,544,000 | -1,153,000 | -268,000 | -59,000 | -41,000 | -69,000 | -170,000 |
| Total stockholders’ equity | US$ in thousands | 3,092,000 | 3,390,000 | 2,839,000 | 2,774,000 | 2,645,000 | 2,761,000 | 2,729,000 | 2,702,000 | 2,977,000 | 4,206,000 | 3,620,000 | 265,000 | 56,000 | 341,000 | 559,000 | 1,372,000 | 1,769,000 | 1,874,000 | 964,000 | 922,000 |
| ROE | 19.92% | 31.86% | 36.21% | 65.93% | 77.84% | 60.96% | 62.70% | 22.32% | 12.33% | 8.04% | -13.51% | -440.75% | -3,060.71% | -452.79% | -206.26% | -19.53% | -3.34% | -2.19% | -7.16% | -18.44% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $616,000K ÷ $3,092,000K
= 19.92%
Hertz Global Holdings Inc.'s return on equity (ROE) has exhibited varying trends over the past five quarters. In Q4 2022, the ROE stood at a high of 77.84%, indicating that the company was generating substantial returns for its shareholders relative to its equity base. However, there has been a downward trend in ROE since then, with Q1 2023 showing a significant decrease to 65.93%. This trend continued into Q2 and Q3 2023, with ROE values of 36.21% and 31.86% respectively, suggesting a decline in the company's ability to generate profits from shareholders' equity.
It is important to note that while the ROE values have decreased, they still remain positive, indicating that the company is profitable and generating returns for shareholders. The downward trend in ROE could be attributed to various factors such as changes in the company's financial structure, profitability, or asset utilization efficiency. Further analysis would be required to identify the specific reasons behind the fluctuations in ROE and to assess the overall financial performance and sustainability of Hertz Global Holdings Inc.
Peer comparison
Dec 31, 2023