Ryder System Inc (R)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 19.04 | 15.72 | 15.41 | |
| DOH | days | — | — | 19.17 | 23.22 | 23.69 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Based on the data provided, Ryder System Inc's days of inventory on hand (DOH) has shown a declining trend over the years, decreasing from 23.69 days as of December 31, 2020, to 19.17 days as of December 31, 2022. This decreasing trend indicates that the company has been managing its inventory more efficiently, taking fewer days to sell its inventory or turn it into sales.
However, the data for December 31, 2023, and December 31, 2024, were not available (indicated as "— days"), making it difficult to assess the company's inventory management performance for these years. It is important for the company to provide complete and up-to-date information for a more accurate analysis of its inventory turnover efficiency.
Overall, the decreasing trend in days of inventory on hand suggests that Ryder System Inc has been successful in optimizing its inventory levels, potentially leading to lower inventory holding costs and improved cash flow management.
Peer comparison
Dec 31, 2024