Hertz Global Holdings (Hertz Global Holdings) Change In Receivables : $-202 Mil (TTM As of Mar. 2024)

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What is Hertz Global Holdings Change In Receivables?

Hertz Global Holdings's change in receivables for the quarter that ended in Mar. 2024 was $-36 Mil. It means Hertz Global Holdings's Accounts Receivable increased by $36 Mil from Dec. 2023 to Mar. 2024 .

Hertz Global Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $-216 Mil. It means Hertz Global Holdings's Accounts Receivable increased by $216 Mil from Dec. 2022 to Dec. 2023 .

Hertz Global Holdings's Accounts Receivable for the quarter that ended in Mar. 2024 was $1,213 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Hertz Global Holdings's Days Sales Outstanding for the three months ended in Mar. 2024 was 53.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hertz Global Holdings's liquidation value for the three months ended in Mar. 2024 was $-20,123 Mil.

Hertz Global Holdings Change In Receivables Historical Data

The historical data trend for Hertz Global Holdings's Change In Receivables 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 Change In Receivables Chart

Hertz Global Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-88.00

195.00

-210.00

-264.00

-216.00

Hertz Global Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															-50.00	-284.00	-49.00	167.00	-36.00

Hertz Global Holdings Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-202 Mil.

Hertz Global Holdings (OTCPK:HTZGQ) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Hertz Global Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1213	/	2080	*	91
=	53.21

2. In Ben Graham's calculation of liquidation value, Hertz Global Holdings's accounts receivable are only considered to be worth 75% of book value:

Hertz Global Holdings's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	465	-	21498	+	0.75 * 1213	+	0.5 * 0
=	-20,123

Hertz Global Holdings Change In Receivables 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 (OTCPK:HTZGQ) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

HTZWW:USA HTZ:USA HTZ1:Mexico 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

Daniel A Ninivaggi	director	C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, SUITE 4600, NEW YORK NY 10153
Henry R. Keizer	director	MONTPELIER HOUSE, 94 PITTS BAY ROAD, PEMBROKE D0 HM 08
Sunghwan Cho	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Darren Richard Arrington	officer: EVP Revenue Management & Fleet	8501 WILLIAMS ROAD, ESTERO FL 33928
Kenny K Cheung	officer: EVP Chief Operational Finance	HERTZ GLOBAL HOLDINGS, INC., 8501 WILLIAMS ROAD, ESTERO FL 33928
Frederic Deschamps	officer: EVP Revenue Management	8501 WILLIAMS ROAD, ESTERO FL 33928
David A Barnes	director	55 GLENLAKE PARKWAY NE, ATLANTA GA 30328
Vincent J Intrieri	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Laura Suenon-nestar	officer: EVP Global Marketing and Custo	8501 WILLIAMS ROAD, ESTERO FL 33928
Opal Perry	officer: EVP Chief Information Officer	HERTZ GLOBAL HOLDINGS, INC., ESTERO FL 33928
Jodi J Allen	officer: EVP Chief Marketing Officer	8501 WILLIAMS ROAD, ESTERO FL 33928
Jamere Jackson	officer: EVP Chief Financial Officer	C/O NIELSEN 85 BROAD ST., NEW YORK NY 10004
Richard Eric Esper	officer: SVP Chief Accounting Officer	8501 WILLIAMS ROAD, ESTERO FL 33928
David Galainena	officer: EVP General Counsel and Secret	HERTZ GLOBAL HOLDINGS, INC., 8501 WILLIAMS ROAD, ESTERO FL 33928
Icahn Partners Master Fund Lp	10 percent owner	16690 COLLINS AVE., PH, SUNNY ISLES FL 33160