Ryder System Inc (R)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 6.79 | 6.67 | 6.57 | 6.58 | 6.87 | 7.19 | 7.61 | 7.20 | 7.46 | 7.11 | 6.47 | 6.42 | 6.60 | 6.81 | 6.90 | 7.10 | 7.12 | 7.34 | 7.87 | 7.40 | |
| DSO | days | 53.75 | 54.70 | 55.55 | 55.50 | 53.09 | 50.74 | 47.98 | 50.70 | 48.93 | 51.34 | 56.45 | 56.82 | 55.34 | 53.58 | 52.87 | 51.41 | 51.25 | 49.75 | 46.39 | 49.29 |
December 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.79
= 53.75
The Days Sales Outstanding (DSO) is a measure indicating the average number of days a company takes to collect revenue after a sale has been made. For Ryder System Inc, the DSO has shown some fluctuations over the reporting periods provided.
From March 31, 2020, to December 31, 2024, the DSO ranged from a low of 46.39 days recorded on June 30, 2020, to a high of 56.82 days on March 31, 2022. The average DSO over this period was approximately 51.24 days.
There seems to be a general increasing trend in the DSO for Ryder System Inc, with some variability from quarter to quarter. This trend suggests that the company may be taking longer to collect on its sales over time, which could indicate potential issues with accounts receivable management or changes in customer payment behavior.
It would be important for stakeholders to closely monitor this metric to ensure that any increasing trend does not become a significant concern for cash flow or liquidity for the company. Analyzing the reasons behind the fluctuation in DSO, such as changes in credit terms, customer base, or collection processes, could provide valuable insights into the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2024