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Hertz Global Holdings (FRA:AZK0) 3-Year ROIIC % : 30.49% (As of Dec. 2023)


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What is Hertz Global Holdings 3-Year ROIIC %?

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. Hertz Global Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2023 was 30.49%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Hertz Global Holdings's 3-Year ROIIC % or its related term are showing as below:

FRA:AZK0's 3-Year ROIIC % is ranked better than
76.96% of 994 companies
in the Business Services industry
Industry Median: 5.67 vs FRA:AZK0: 30.49

Hertz Global Holdings 3-Year ROIIC % Historical Data

The historical data trend for Hertz Global Holdings's 3-Year ROIIC % 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.

* Premium members only.

Hertz Global Holdings 3-Year ROIIC % Chart

Hertz Global Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -62.66 31.13 -27.92 -314.49 30.49

Hertz Global Holdings Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - 30.49 - -

Competitive Comparison of Hertz Global Holdings's 3-Year ROIIC %

For the Rental & Leasing Services subindustry, Hertz Global Holdings's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Hertz Global Holdings's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Hertz Global Holdings's 3-Year ROIIC % falls into.



Hertz Global Holdings 3-Year ROIIC % Calculation

Hertz Global Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2023 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 1512.8765036 (Dec. 2023) - -735.098571 (Dec. 2020) )/( 21628.362 (Dec. 2023) - 12528.924 (Dec. 2020) )
=2247.9750746/9099.438
=24.70%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.


Hertz Global Holdings  (FRA:AZK0) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Hertz Global Holdings 3-Year ROIIC % Related Terms

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Hertz Global Holdings Business Description

Traded in Other Exchanges
Address
8501 Williams Road, Estero, FL, USA, 33928
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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