Ryder System Inc (R)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,636,000 | 11,783,000 | 12,011,000 | 9,663,000 | 8,420,000 |
| Property, plant and equipment | US$ in thousands | 1,109,000 | 1,169,000 | 1,148,000 | 984,978 | 927,058 |
| Fixed asset turnover | 11.39 | 10.08 | 10.46 | 9.81 | 9.08 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $12,636,000K ÷ $1,109,000K
= 11.39
The fixed asset turnover ratio for Ryder System Inc has shown an increasing trend over the past five years, starting at 9.08 in December 2020 and reaching 11.39 by December 2024. This indicates that the company is generating more revenue relative to its investment in fixed assets. A higher fixed asset turnover ratio suggests that the company is efficiently utilizing its fixed assets to generate sales. The consistent improvement in this ratio demonstrates the company's effectiveness in managing and utilizing its fixed assets to drive revenue growth. It also indicates potential operational efficiency and effective asset management strategies within the organization.
Peer comparison
Dec 31, 2024