Herc Holdings (Herc Holdings) Days Payable

: 41.22 (As of Dec. 2023)

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Herc Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $230 Mil. Herc Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $508 Mil. Hence, Herc Holdings's Days Payable for the three months ended in Dec. 2023 was 41.22.

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

HRI' s Days Payable Range Over the Past 10 Years
Min: 34.26 Med: 40.19 Max: 65.22
Current: 52.76

During the past 11 years, Herc Holdings's highest Days Payable was 65.22. The lowest was 34.26. And the median was 40.19.

HRI's Days Payable is ranked better than
53.83% of 927 companies
in the Business Services industry
Industry Median: 47.71 vs HRI: 52.76

Herc Holdings's Days Payable declined from Dec. 2022 (62.71) to Dec. 2023 (41.22). It may suggest that Herc Holdings accelerated paying its suppliers.

Herc Holdings Days Payable Historical Data

The historical data trend for Herc 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.

* Premium members only.

Herc Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.26

36.70

56.32

65.22

46.98

Herc Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															62.71	62.78	64.11	49.61	41.22

Competitive Comparison

For the Rental & Leasing Services subindustry, Herc 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.

Herc Holdings Days Payable Distribution

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

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

Herc 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.

Herc 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
=	( (318	+	212)	/	2 )	/	2059	*	365
=	265					/	2059	*	365
=	46.98

Herc Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (247	+	212)	/	2 )	/	508	*	365 / 4
=	229.5					/	508	*	365 / 4
=	41.22

Herc Holdings Days Payable 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 » Days Payable

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