Hertz Global Holdings (MEX:HTZ1) Receivables Turnover : 2.05 (As of Sep. 2024)

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What is Hertz Global Holdings Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Hertz Global Holdings's Revenue for the three months ended in Sep. 2024 was MXN50,722 Mil. Hertz Global Holdings's average Accounts Receivable for the three months ended in Sep. 2024 was MXN24,798 Mil. Hence, Hertz Global Holdings's Receivables Turnover for the three months ended in Sep. 2024 was 2.05.

Hertz Global Holdings Receivables Turnover Historical Data

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

Hertz Global Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.60

4.17

9.71

9.80

8.11

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
Receivables Turnover	Get a 7-Day Free Trial															2.02	1.66	1.71	1.99	2.05

Competitive Comparison of Hertz Global Holdings's Receivables Turnover

For the Rental & Leasing Services subindustry, Hertz Global Holdings's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Business Services Industry

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

* The bar in red indicates where Hertz Global Holdings's Receivables Turnover falls into.

Hertz Global Holdings Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	159065.678	/ (	(18989.104	+	20216.329)	/	2 )
=	159065.678	/	19602.7165
=	8.11

Hertz Global Holdings's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	50722.213	/ (	(23211.571	+	26385.002)	/	2 )
=	50722.213	/	24798.2865
=	2.05

Hertz Global Holdings (MEX:HTZ1) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Hertz Global Holdings Receivables Turnover Related Terms

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Hertz Global Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hertz Global Holdings Inc (MEX:HTZ1) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HTZWW:USA HTZ:USA 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.

Hertz Global Holdings Headlines

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