HTZ (Hertz Global Holdings) Days Payable : 31.51 (As of Sep. 2024)

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What is Hertz Global Holdings Days Payable?

Hertz Global Holdings's average Accounts Payable for the three months ended in Sep. 2024 was $810 Mil. Hertz Global Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was $2,344 Mil. Hence, Hertz Global Holdings's Days Payable for the three months ended in Sep. 2024 was 31.51.

The historical rank and industry rank for Hertz Global Holdings's Days Payable or its related term are showing as below:

HTZ' s Days Payable Range Over the Past 10 Years
Min: 32.43 Med: 42.41 Max: 45.38
Current: 34.86

During the past 13 years, Hertz Global Holdings's highest Days Payable was 45.38. The lowest was 32.43. And the median was 42.41.

HTZ's Days Payable is ranked worse than
61.18% of 912 companies
in the Business Services industry
Industry Median: 46.675 vs HTZ: 34.86

Hertz Global Holdings's Days Payable declined from Sep. 2023 (38.90) to Sep. 2024 (31.51). It may suggest that Hertz Global Holdings accelerated paying its suppliers.

Hertz Global Holdings Days Payable Historical Data

The historical data trend for Hertz Global Holdings's Days Payable 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 Days Payable Chart

Hertz Global Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.66

43.74

39.17

39.69

32.43

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
Days Payable	Get a 7-Day Free Trial															38.90	32.10	40.04	41.62	31.51

Competitive Comparison of Hertz Global Holdings's Days Payable

For the Rental & Leasing Services subindustry, Hertz Global Holdings's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hertz Global Holdings's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hertz Global Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Hertz Global Holdings's Days Payable falls into.

Hertz Global Holdings Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (657	+	701)	/	2 )	/	7643	*	365
=	679					/	7643	*	365
=	32.43

Hertz Global Holdings's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (995	+	624)	/	2 )	/	2344	*	365 / 4
=	809.5					/	2344	*	365 / 4
=	31.51

Hertz Global Holdings Days Payable Related Terms

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Hertz Global Holdings Business Description

Industry

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

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 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.

Executives

Eric Leef	officer: EVP, Chief HR Officer	8501 WILLIAMS ROAD, ESTERO FL 33928
Mark Fields	director	FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Kelly Galloway	officer: SVP, Chief Accounting 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
Andrew Shannahan	director	8501 WILLIAMS ROAD, ESTERO FL 33928
Christopher Lahoud	director	APOLLO, 212 ROSECRANS AVE., EL SEGUNDO CA 90245
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