Ryder System Inc (R)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 6.87 | 7.46 | 6.60 | 7.12 | 7.27 | |
| DSO | days | 53.09 | 48.93 | 55.34 | 51.25 | 50.24 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.87
= 53.09
The days of sales outstanding (DSO) for Ryder System, Inc. have shown some fluctuations over the past five years. In 2023, the DSO stood at 53.09 days, a slight increase from the previous year's DSO of 48.93 days in 2022. This indicates that Ryder System took slightly longer to collect its accounts receivable in 2023 compared to 2022.
Looking further back, the DSO was higher at 55.33 days in 2021 and 51.25 days in 2020, but relatively consistent with the DSO in 2019 which was 50.24 days. The variation in DSO could suggest changes in Ryder System's credit policies, sales terms, or the efficiency of its accounts receivable management.
Overall, the trend in DSO for Ryder System, Inc. shows some variability over the past five years, with fluctuations potentially indicating changes in the company's receivables management practices. Monitoring DSO trends can provide insights into the effectiveness of Ryder System's credit and collection processes.
Peer comparison
Dec 31, 2023