Ryder System Inc (R)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 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 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The Days of Inventory on Hand (DOH) ratio is a financial metric used to evaluate how efficiently a company manages its inventory. In the case of Ryder System Inc, we observe a declining trend in the DOH ratio over the specified time period.
From March 31, 2020, to June 30, 2022, the DOH decreased steadily from 25.93 days to 24.21 days, indicating an improvement in inventory management efficiency. This reduction suggests that Ryder System Inc was able to sell its inventory at a faster rate during this period.
However, from September 30, 2022, to March 31, 2024, the DOH ratio continued to decline significantly, reaching as low as 17.95 days by March 31, 2023. This could indicate either a more aggressive sales strategy or potentially overly lean inventory levels, which could pose a risk of inventory shortages.
It is important to note that as of December 31, 2023, the data for the DOH ratio is not available. This lack of information for the most recent period hinders a comprehensive analysis of the trend.
Overall, the declining trend in Ryder System Inc's DOH ratio up to March 31, 2023, suggests an improvement in inventory turnover and efficiency. However, monitoring inventory levels closely to avoid stockouts while maintaining operational smoothness is crucial for sustaining business operations effectively.
Peer comparison
Dec 31, 2024