Ryder System Inc (R)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,557,000 | 1,507,000 | 1,485,000 | 1,084,620 | 942,868 |
| Inventory | US$ in thousands | — | -1,714,000 | 78,000 | 69,000 | 61,191 |
| Inventory turnover | — | — | 19.04 | 15.72 | 15.41 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,557,000K ÷ $—K
= —
Ryder System Inc's inventory turnover ratio has shown a positive trend over the past few years. In 2020, the inventory turnover was 15.41, which increased slightly to 15.72 in 2021. The trend continued to improve significantly in 2022, reaching 19.04.
However, there is missing data for 2023 and 2024, which prevents a complete trend analysis for those years. Generally, a higher inventory turnover ratio indicates that the company is selling its inventory more efficiently. This improvement can be a positive sign of effective inventory management and sales strategies within Ryder System Inc. Further analysis would be necessary to understand the reasons behind the increase and how it aligns with the company's overall financial performance.
Peer comparison
Dec 31, 2024