Ryder System Inc (R)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | 19.80 | 20.10 | 20.34 | 18.54 | 16.96 | 15.07 | 15.32 | 15.72 | 15.94 | 16.29 | 15.84 | 15.41 | 14.82 | 14.50 | 14.08 | 11.48 | 11.16 | 11.47 | 11.41 | |
| DOH | days | — | 18.44 | 18.16 | 17.95 | 19.69 | 21.52 | 24.21 | 23.83 | 23.22 | 22.89 | 22.41 | 23.05 | 23.69 | 24.62 | 25.17 | 25.93 | 31.79 | 32.69 | 31.82 | 31.98 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for Ryder System, Inc. has been decreasing over the last few quarters, indicating a more efficient management of inventory. In Q4 2023, the DOH was not provided, which makes it difficult to assess the trend accurately. However, in Q3 and Q2 2023, the DOH stood at 2.87 days and 2.80 days, respectively, showing a slight decrease from the previous quarter. This trend of decreasing DOH aligns with the company's efforts to better manage its inventory levels. Comparing to the same period in the previous year, the DOH has shown improvement as in Q4 2022, it was at 3.10 days. Overall, the declining trend in DOH suggests that Ryder System, Inc. is becoming more efficient in managing its inventory, potentially leading to lower carrying costs and improved liquidity.
Peer comparison
Dec 31, 2023