Hertz Global Holdings (Hertz Global Holdings) Inventory Turnover

: 0.00 (As of Dec. 2023)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Hertz Global Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,119 Mil. Hertz Global Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hertz Global Holdings's Days Inventory for the three months ended in Dec. 2023 was 0.00.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Hertz Global Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Hertz Global Holdings Inventory Turnover Historical Data

The historical data trend for Hertz Global Holdings's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hertz Global Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Hertz Global Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																-	-	-	-	-

Hertz Global Holdings Inventory Turnover Calculation

Hertz Global Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	7643	/ (	(0	+	0)	/	1 )
=	7643	/	0
=	N/A

Hertz Global Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	2119	/ (	(0	+	0)	/	1 )
=	2119	/	0
=	N/A

Hertz Global Holdings (NAS:HTZ) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Hertz Global Holdings's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	0	/	2119	*	365 / 4
	=	0.00

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Hertz Global Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	0	/	2184
	=	0.00

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Hertz Global Holdings Inventory Turnover Related Terms

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Hertz Global Holdings (Hertz Global Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hertz Global Holdings Inc (NAS:HTZ) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HTZWW:USA HTZ1:Mexico AZK0:Germany AZK0:Germany

Address

8501 Williams Road, Estero, FL, USA, 33928

Website

https://www.hertz.com

Hertz Global Holdings Inc operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and material handling equipment; and fleet-leasing and fleet-management services. The company operates a network of car rental locations and licenses its brands to associates and franchisees.

Executives

Kelly Galloway	officer: SVP, Chief Accounting Officer	8501 WILLIAMS ROAD, ESTERO FL 33928
Eric Leef	officer: EVP, Chief HR Officer	8501 WILLIAMS ROAD, ESTERO FL 33928
Jeffrey Nedelman	director	8501 WILLIAMS ROAD, ESTERO FL 33928
Fran Bermanzohn	director	9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Batcheler Colleen	officer: EVP, General Counsel and Secy	ONE CONAGRA DRIVE, OMAHA NE 68102
Stephen M Scherr	director, officer: Chief Executive Officer	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Tim Langley-hawthorne	officer: EVP, Tech & CIO	8501 WILLIAMS ROAD, ESTERO FL 33928
Evelina Vougessis Machas	director	8501 WILLIAMS ROAD, ESTERO FL 33928
Jennifer Feikin	director	8501 WILLIAMS ROAD, ESTERO FL 33928
Christopher Lahoud	director	APOLLO, 212 ROSECRANS AVE., EL SEGUNDO CA 90245
Andrew Shannahan	director	8501 WILLIAMS ROAD, ESTERO FL 33928
Mark Fields	director	FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Ck Amarillo Gp, Llc	10 percent owner	C/O KNIGHTHEAD CAPITAL MANAGEMENT, LLC, 280 PARK AVENUE, 22ND FLOOR, NEW YORK NY 10017
Certares Opportunities Llc	10 percent owner	350 MADISON AVENUE, 8TH FLOOR, NEW YORK NY 10017
Ck Amarillo Lp	10 percent owner	C/O KNIGHTHEAD CAPITAL MANAGEMENT, LLC, 280 PARK AVENUE, 22ND FLOOR, NEW YORK NY 10017