Herc Inventory Turnover vs Income Quality Analysis

HRI Stock  USD 210.35  0.51  0.24%   
Herc Holdings financial indicator trend analysis is much more than just examining Herc Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Herc Holdings is a good investment. Please check the relationship between Herc Holdings Inventory Turnover and its Income Quality accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Herc Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in Herc Stock please use our How to Invest in Herc Holdings guide.

Inventory Turnover vs Income Quality

Inventory Turnover vs Income Quality Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Herc Holdings Inventory Turnover account and Income Quality. At this time, the significance of the direction appears to have weak relationship.
The correlation between Herc Holdings' Inventory Turnover and Income Quality is 0.36. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Income Quality in the same time period over historical financial statements of Herc Holdings, assuming nothing else is changed. The correlation between historical values of Herc Holdings' Inventory Turnover and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory Turnover of Herc Holdings are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Inventory Turnover i.e., Herc Holdings' Inventory Turnover and Income Quality go up and down completely randomly.

Correlation Coefficient

0.36
Relationship DirectionPositive 
Relationship StrengthVery Weak

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.
Most indicators from Herc Holdings' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Herc Holdings current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Herc Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in Herc Stock please use our How to Invest in Herc Holdings guide.The Herc Holdings' current Tax Provision is estimated to increase to about 125 M, while Selling General Administrative is projected to decrease to under 396.4 M.
 2021 2022 2023 2024 (projected)
Operating Income379.9M558.9M663M629.9M
Other Operating Expenses1.7B2.2B2.6B2.5B

Herc Holdings fundamental ratios Correlations

0.981.01.0-0.98-0.650.980.981.01.00.981.00.920.941.00.990.981.01.01.00.990.47-0.250.51-0.450.1
0.980.970.98-1.0-0.791.01.00.960.991.00.980.830.990.980.951.00.980.990.961.00.48-0.30.52-0.450.02
1.00.971.0-0.97-0.620.970.971.01.00.971.00.940.921.01.00.981.00.991.00.980.46-0.240.5-0.450.11
1.00.981.0-0.98-0.640.980.981.01.00.981.00.930.931.00.990.981.01.01.00.980.46-0.240.51-0.450.1
-0.98-1.0-0.97-0.980.79-1.0-1.0-0.96-0.99-1.0-0.98-0.83-0.99-0.98-0.95-1.0-0.98-0.99-0.96-1.0-0.480.3-0.520.45-0.02
-0.65-0.79-0.62-0.640.79-0.79-0.79-0.58-0.68-0.79-0.66-0.31-0.88-0.65-0.55-0.78-0.66-0.7-0.59-0.77-0.390.37-0.430.310.23
0.981.00.970.98-1.0-0.791.00.960.991.00.980.830.990.980.951.00.980.990.961.00.48-0.30.52-0.450.02
0.981.00.970.98-1.0-0.791.00.960.991.00.980.830.990.980.951.00.980.990.961.00.48-0.30.52-0.450.02
1.00.961.01.0-0.96-0.580.960.960.990.960.990.950.91.01.00.971.00.991.00.970.45-0.220.5-0.450.13
1.00.991.01.0-0.99-0.680.990.990.990.991.00.910.951.00.990.991.01.00.990.990.47-0.260.51-0.450.08
0.981.00.970.98-1.0-0.791.01.00.960.990.980.830.990.980.951.00.980.990.961.00.48-0.30.52-0.450.02
1.00.981.01.0-0.98-0.660.980.980.991.00.980.920.941.00.990.991.01.00.990.990.47-0.250.51-0.450.09
0.920.830.940.93-0.83-0.310.830.830.950.910.830.920.730.920.960.840.920.890.950.840.39-0.120.42-0.410.24
0.940.990.920.93-0.99-0.880.990.990.90.950.990.940.730.930.890.980.940.960.90.980.47-0.330.52-0.43-0.05
1.00.981.01.0-0.98-0.650.980.981.01.00.981.00.920.930.990.981.01.01.00.990.47-0.250.51-0.450.1
0.990.951.00.99-0.95-0.550.950.951.00.990.950.990.960.890.990.960.990.981.00.960.45-0.210.49-0.450.14
0.981.00.980.98-1.0-0.781.01.00.970.991.00.990.840.980.980.960.990.990.971.00.48-0.290.52-0.450.03
1.00.981.01.0-0.98-0.660.980.981.01.00.981.00.920.941.00.990.991.01.00.990.47-0.250.51-0.450.09
1.00.990.991.0-0.99-0.70.990.990.991.00.991.00.890.961.00.980.991.00.991.00.47-0.270.52-0.450.07
1.00.961.01.0-0.96-0.590.960.961.00.990.960.990.950.91.01.00.971.00.990.970.45-0.220.5-0.450.13
0.991.00.980.98-1.0-0.771.01.00.970.991.00.990.840.980.990.961.00.991.00.970.48-0.290.52-0.450.03
0.470.480.460.46-0.48-0.390.480.480.450.470.480.470.390.470.470.450.480.470.470.450.48-0.40.53-0.330.26
-0.25-0.3-0.24-0.240.30.37-0.3-0.3-0.22-0.26-0.3-0.25-0.12-0.33-0.25-0.21-0.29-0.25-0.27-0.22-0.29-0.4-0.170.83-0.76
0.510.520.50.51-0.52-0.430.520.520.50.510.520.510.420.520.510.490.520.510.520.50.520.53-0.170.01-0.01
-0.45-0.45-0.45-0.450.450.31-0.45-0.45-0.45-0.45-0.45-0.45-0.41-0.43-0.45-0.45-0.45-0.45-0.45-0.45-0.45-0.330.830.01-0.75
0.10.020.110.1-0.020.230.020.020.130.080.020.090.24-0.050.10.140.030.090.070.130.030.26-0.76-0.01-0.75
Click cells to compare fundamentals

Herc Holdings Account Relationship Matchups

Herc Holdings fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.8B3.6B4.5B6.0B7.5B7.1B
Total Current Liabilities323.1M328M529.9M604M508M482.6M
Total Stockholder Equity644.3M742M976.9M1.1B1.3B1.2B
Property Plant And Equipment Net3.0B2.8B3.4B4.4B5.0B4.7B
Net Debt2.4B2.0B2.4B3.6B4.4B4.6B
Retained Earnings(351.2M)(277.5M)(53.4M)224.1M498M522.9M
Accounts Payable126.5M125.8M280.6M318.3M212M201.4M
Non Current Assets Total3.4B3.2B4.0B5.3B6.7B6.4B
Other Assets2.5B2.5B2.7B34.1M30.7M29.2M
Net Receivables306.7M301.2M388.1M522.5M563M534.9M
Good Will385.1M396.4M231.5M418.7M483M458.9M
Common Stock Shares Outstanding29.1M29.4M30.4M30.2M28.7M27.3M
Liabilities And Stockholders Equity3.8B3.6B4.5B6.0B7.5B7.1B
Non Current Liabilities Total2.8B2.5B3.0B4.2B5.7B5.4B
Other Stockholder Equity1.1B1.1B1.1B1.0B893M848.4M
Total Liab3.2B2.8B3.5B4.8B6.2B5.9B
Total Current Assets399.7M367.1M469.7M643.5M732M695.4M
Accumulated Other Comprehensive Income(109.7M)(107M)(100.2M)(128.5M)(118M)(112.1M)
Intangible Assets291.5M295.9M388.7M431.4M467M443.7M
Other Current Liab124.4M140.8M181.7M208.3M222M142.0M
Net Tangible Assets259.2M345.6M356.7M258.6M297.4M312.3M
Non Currrent Assets Other23.1M18.2M13.1M34.1M418M438.9M
Long Term Debt2.1B1.6B1.9B2.9B3.7B3.9B
Retained Earnings Total Equity(351.2M)(277.5M)(53.4M)224.1M257.7M270.6M
Capital Surpluse1.8B1.8B1.8B1.8B1.6B1.9B
Deferred Long Term Liab576.9M474M536.8M646.5M581.9M1.0B
Property Plant And Equipment Gross3.0B2.8B3.4B4.4B7.3B7.7B
Short Term Debt60.9M47.9M53.9M58M56M53.2M
Property Plant Equipment311.8M2.3B2.7B3.5B4.0B4.2B
Short Long Term Debt Total2.4B2.0B2.5B3.6B4.5B2.5B
Current Deferred Revenue11.3M13.5M13.7M19.4M18M14.9M
Other Current Assets60M32.9M46.5M67.5M98M57.1M
Other Liab498.3M518.3M568.9M686.7M789.7M583.8M

Currently Active Assets on Macroaxis

When determining whether Herc Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Herc Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Herc Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Herc Holdings Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Herc Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more detail on how to invest in Herc Stock please use our How to Invest in Herc Holdings guide.
You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Is Trading Companies & Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Herc Holdings. If investors know Herc will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Herc Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.081
Dividend Share
2.628
Earnings Share
12.23
Revenue Per Share
121.337
Quarterly Revenue Growth
0.063
The market value of Herc Holdings is measured differently than its book value, which is the value of Herc that is recorded on the company's balance sheet. Investors also form their own opinion of Herc Holdings' value that differs from its market value or its book value, called intrinsic value, which is Herc Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Herc Holdings' market value can be influenced by many factors that don't directly affect Herc Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Herc Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Herc Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Herc Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.