Herc Holdings (LTS:0J4L) Inventories, Work In Process : $0 Mil (As of Mar. 2024)

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What is Herc Holdings Inventories, Work In Process?

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. Herc Holdings's work in process for the quarter that ended in Mar. 2024 was $0 Mil.

Herc Holdings Inventories, Work In Process Historical Data

The historical data trend for Herc Holdings's Inventories, Work In Process 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 Inventories, Work In Process Chart

Herc Holdings Annual Data

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Inventories, Work In Process

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Herc Holdings Quarterly Data
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Herc Holdings Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

Herc Holdings (LTS:0J4L) Business Description

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HRI:USA

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.

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