Herc Holdings (Herc Holdings) Change In Receivables : $-118 Mil (TTM As of Mar. 2024)

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What is Herc Holdings Change In Receivables?

Herc Holdings's change in receivables for the quarter that ended in Mar. 2024 was $-7 Mil. It means Herc Holdings's Accounts Receivable increased by $7 Mil from Dec. 2023 to Mar. 2024 .

Herc Holdings's change in receivables for the fiscal year that ended in Dec. 2023 was $-98 Mil. It means Herc Holdings's Accounts Receivable increased by $98 Mil from Dec. 2022 to Dec. 2023 .

Herc Holdings's Accounts Receivable for the quarter that ended in Mar. 2024 was $560 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Herc Holdings's Days Sales Outstanding for the three months ended in Mar. 2024 was 63.56.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Herc Holdings's liquidation value for the three months ended in Mar. 2024 was $-5,416 Mil.

Herc Holdings Change In Receivables Historical Data

The historical data trend for Herc Holdings's Change In Receivables 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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Herc Holdings Change In Receivables Chart

Herc Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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-38.30

-24.60

-92.00

-172.00

-98.00

Herc Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															13.00	-37.00	-55.00	-19.00	-7.00

Herc Holdings Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-118 Mil.

Herc Holdings (NYSE:HRI) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Herc Holdings's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	560	/	804	*	91
=	63.56

2. In Ben Graham's calculation of liquidation value, Herc Holdings's accounts receivable are only considered to be worth 75% of book value:

Herc Holdings's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	63	-	5899	+	0.75 * 560	+	0.5 * 0
=	-5,416

Herc Holdings Change In Receivables Related Terms

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Herc Holdings (Herc Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Herc Holdings Inc (NYSE:HRI) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

H9B1:Germany

Address

27500 Riverview Center Boulevard, Bonita Springs, FL, USA, 34134

Website

https://www.hercrentals.com

Herc Holdings is an equipment rental company that was spun out of Hertz Global in 2016. It is currently the third-largest equipment rental company (4% market share) in North America, after United Rentals and Sunbelt Rentals, with a fleet size of $6.2 billion. It serves commercial and residential construction customers, the environmental sector, industrial entities, and entertainment production companies. During much of its 50-year-plus history, the company has rented equipment such as aerial lifts to its customers for intermittent use. More recently, it has broadened its catalog to include a host of specialty items. Separately, Herc Holdings' strategy now incorporates long-term rentals to industrial customers where Herc maintains its own staff at the customer site.

Executives

Mark Alan Schumacher	officer: VP, CAO and Controller	27500 RIVERVIEW CENTER BLVD, BONITA SPRINGS FL 34134
Lawrence Harris Silber	director, officer: President & CEO	7 FOX HOLLOW COURT, FLEMINGTON NJ 08822
Christian J Cunningham	officer: SVP & Chief HR Officer	C/O HERC HOLDINGS INC., 27500 RIVERVIEW CENTER BLVD., BONITA SPRINGS FL 34134
Aaron Birnbaum	officer: SVP & Chief Operating Officer	27500 RIVERVIEW CENTER BLVD., BONITA SPRINGS FL 34134
Carl C Icahn	10 percent owner	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Mark Irion	officer: SVP & CFO	C/O NEFF CORPORATION, SUITE 400, 3750 N.W. 87TH AVENUE, MIAMI FL 33178
Hunter Clark Gary	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Steven D Miller	director	16690 COLLINS AVENUE, PH, SUNNY ISLE BEACH FL 33160
Rakesh Sachdev	director	3050 SPRUCE STREET, ST LOUIS MO 63103
James H Browning	director	3760 JARDIN, HOUSTON TX 77005
Tamir Peres	officer: SVP&Chief Information Officer	27500 RIVERVIEW CENTER BLVD., BONITA SPRINGS FL 34134
Andrew Teno	director	C/O FIR TREE INC., 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036
Shari L Burgess	director
Andrew Langham	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Herbert L Henkel	director	C/O INGERSOLL-RAND COMPANY LIMITED, 155 CHESTNUT RIDGE ROAD, MONTVALE NJ 07645