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Hertz Global Holdings (FRA:AZK0) Asset Turnover : 0.10 (As of Jun. 2024)


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What is Hertz Global Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Hertz Global Holdings's Revenue for the three months ended in Jun. 2024 was €2,186 Mil. Hertz Global Holdings's Total Assets for the quarter that ended in Jun. 2024 was €22,881 Mil. Therefore, Hertz Global Holdings's Asset Turnover for the quarter that ended in Jun. 2024 was 0.10.

Asset Turnover is linked to ROE % through Du Pont Formula. Hertz Global Holdings's annualized ROE % for the quarter that ended in Jun. 2024 was -145.91%. It is also linked to ROA % through Du Pont Formula. Hertz Global Holdings's annualized ROA % for the quarter that ended in Jun. 2024 was -14.05%.


Hertz Global Holdings Asset Turnover Historical Data

The historical data trend for Hertz Global Holdings's Asset 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.

* Premium members only.

Hertz Global Holdings Asset Turnover Chart

Hertz Global Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.24 0.41 0.42 0.39

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
Asset Turnover 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 0.10 0.11 0.09 0.09 0.10

Competitive Comparison of Hertz Global Holdings's Asset Turnover

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

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

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



Hertz Global Holdings Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

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

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=8593.207/( (21237.168+22562.785)/ 2 )
=8593.207/21899.9765
=0.39

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

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=2185.937/( (22365.2+23396.865)/ 2 )
=2185.937/22881.0325
=0.10

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Hertz Global Holdings  (FRA:AZK0) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Hertz Global Holdings's annulized ROE % for the quarter that ended in Jun. 2024 is

ROE %**(Q: Jun. 2024 )
=Net Income/Total Stockholders Equity
=-3214.34/2203.011
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-3214.34 / 8743.748)*(8743.748 / 22881.0325)*(22881.0325/ 2203.011)
=Net Margin %*Asset Turnover*Equity Multiplier
=-36.76 %*0.3821*10.3863
=ROA %*Equity Multiplier
=-14.05 %*10.3863
=-145.91 %

Note: The Net Income data used here is four times the quarterly (Jun. 2024) net income data. The Revenue data used here is four times the quarterly (Jun. 2024) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Hertz Global Holdings's annulized ROA % for the quarter that ended in Jun. 2024 is

ROA %(Q: Jun. 2024 )
=Net Income/Total Assets
=-3214.34/22881.0325
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3214.34 / 8743.748)*(8743.748 / 22881.0325)
=Net Margin %*Asset Turnover
=-36.76 %*0.3821
=-14.05 %

Note: The Net Income data used here is four times the quarterly (Jun. 2024) net income data. The Revenue data used here is four times the quarterly (Jun. 2024) revenue data.

* 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.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Hertz Global Holdings Asset Turnover 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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