HTZWW (Hertz Global Holdings) COGS-to-Revenue : 0.91 (As of Sep. 2024)

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What is Hertz Global Holdings COGS-to-Revenue?

Hertz Global Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was $2,344.00 Mil. Its Revenue for the three months ended in Sep. 2024 was $2,576.00 Mil.

Hertz Global Holdings's COGS to Revenue for the three months ended in Sep. 2024 was 0.91.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Hertz Global Holdings's Gross Margin % for the three months ended in Sep. 2024 was 9.01%.

Hertz Global Holdings COGS-to-Revenue Historical Data

The historical data trend for Hertz Global Holdings's COGS-to-Revenue 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 COGS-to-Revenue Chart

Hertz Global Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.83

1.08

0.63

0.65

0.82

Hertz Global Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
COGS-to-Revenue	Get a 7-Day Free Trial															0.75	0.97	1.01	0.99	0.91

Hertz Global Holdings COGS-to-Revenue Calculation

Hertz Global Holdings's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	7643	/	9371
	=	0.82

Hertz Global Holdings's COGS to Revenue for the quarter that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2344	/	2576
	=	0.91

Hertz Global Holdings (NAS:HTZWW) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Hertz Global Holdings's Gross Margin % for the three months ended in Sep. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	2344 / 2576
	=	9.01 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Hertz Global Holdings COGS-to-Revenue Related Terms

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Hertz Global Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hertz Global Holdings Inc (NAS:HTZWW) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

HTZ:USA HTZ1:Mexico AZK0:Germany AZK0:Germany

Address

8501 Williams Road, Estero, FL, USA, 33928

Website

https://www.hertz.com

Hertz Global Holdings Inc is engaged in the vehicle rental and leasing business and 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 other services. Its operating segments and organized are based on the products and services provided and the geographic areas as :Americas RAC -which derives maximum revenue, includes Rental of vehicles, as well as sales of value-added services, in the U.S., Canada, Latin America and the Caribbean; and International RAC - Rental of vehicles, as well as sales of value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean.