Ryder System Inc (R)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 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 | 7.27 | 6.99 | 7.08 | 7.11 | |
| DSO | days | 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 | 50.24 | 52.21 | 51.54 | 51.32 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.87
= 53.09
The Days Sales Outstanding (DSO) for Ryder System, Inc. has shown a decreasing trend in the most recent quarters, indicating an improvement in the company's ability to collect its accounts receivable efficiently. In Q4 2023, the DSO was 53.09 days, down from 50.74 days in Q3 2023 and 47.98 days in Q2 2023. This suggests that the company is collecting its sales revenue more quickly.
Comparing the DSO to the same quarter in the previous year, there is a noticeable improvement as well. In Q4 2022, the DSO was 48.93 days, higher than in Q4 2023. This indicates that Ryder System, Inc. has made progress in managing its accounts receivable turnover within a shorter time frame.
Overall, the decreasing trend in DSO over the quarters and year-on-year improvement suggests that Ryder System, Inc. is effectively managing its accounts receivable and maintaining a healthy cash flow position. However, it is important to continue monitoring this ratio to ensure efficient working capital management in the future.
Peer comparison
Dec 31, 2023