Herc Holdings's average Accounts Receivable for the
three
months ended in Dec. 2023 was $579 Mil. Herc Holdings's Revenue for the
three
months ended in Dec. 2023 was $832 Mil.
Hence, Herc Holdings's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 63.50.
The historical rank and industry rank for Herc Holdings's Days Sales Outstanding or its related term are showing as below:
HRI'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 58.35 Med: 64.32 Max: 70.69
Current: 60.86
During the past 11 years, Herc Holdings's highest Days Sales Outstanding was 70.69. The lowest was 58.35. And the median was 64.32.
HRI's Days Sales Outstanding is ranked worse than 53.07% of 1042
companies
in the Business Services industry
Industry Median: 58.4
vs HRI: 60.86
Herc Holdings's Days Sales Outstanding
increased
from Dec. 2022 (60.41) to Dec. 2023 (63.50).
Herc Holdings Days Sales Outstanding Historical Data
The historical data trend for Herc Holdings's Days Sales Outstanding 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.
For the Rental & Leasing Services subindustry, Herc Holdings's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution
For the Business Services industry and Industrials sector, Herc Holdings's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Herc Holdings's Days Sales Outstanding falls into.
Herc Holdings Days Sales Outstanding Calculation
Days Sales Outstanding measures 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.
* 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.
Herc Holdings (NYSE:HRI) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Herc Holdings Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Herc Holdings's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
Herc Holdings (Herc Holdings) Business Description
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.
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