Ryder System Inc (R)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,637,000 | 12,471,000 | 12,227,000 | 11,929,000 | 11,783,000 | 11,848,000 | 11,959,000 | 12,109,000 | 12,011,000 | 11,523,090 | 10,947,140 | 10,295,380 | 9,663,000 | 9,275,750 | 8,967,280 | 8,480,320 | 8,420,010 | 8,483,720 | 8,557,070 | 8,906,780 |
| Property, plant and equipment | US$ in thousands | 1,109,000 | 1,197,000 | 1,208,000 | 1,232,000 | 1,169,000 | 1,164,000 | 1,132,000 | 1,093,000 | 1,148,000 | 1,117,570 | 1,070,030 | 1,045,950 | 984,978 | 942,393 | 932,549 | 930,501 | 927,058 | 913,387 | 913,080 | 906,712 |
| Fixed asset turnover | 11.39 | 10.42 | 10.12 | 9.68 | 10.08 | 10.18 | 10.56 | 11.08 | 10.46 | 10.31 | 10.23 | 9.84 | 9.81 | 9.84 | 9.62 | 9.11 | 9.08 | 9.29 | 9.37 | 9.82 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $12,637,000K ÷ $1,109,000K
= 11.39
The fixed asset turnover ratio for Ryder System Inc has shown a generally increasing trend over the past few years, starting at 9.82 as of March 31, 2020, and peaking at 11.39 as of December 31, 2024. This indicates that the company is generating more revenue relative to its investment in fixed assets.
The ratio dipped slightly in some quarters, such as in December 31, 2020, and March 31, 2021, but overall, it continued to climb steadily. A higher fixed asset turnover ratio suggests that Ryder System Inc is effectively utilizing its fixed assets to generate sales.
The peak value of 11.39 as of December 31, 2024, indicates that for every dollar invested in fixed assets, the company generated $11.39 in sales. This efficiency in asset utilization is a positive indicator of the company's operational performance and could potentially lead to improved profitability and shareholder value. Investors and stakeholders may view this trend positively as it signifies the company's ability to generate revenue efficiently from its fixed asset base.
Peer comparison
Dec 31, 2024