Ryder System Inc (R)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 1.81 | 1.63 | 1.59 | 1.54 | 1.89 | 1.52 | 1.28 | 1.32 | 1.45 | 1.45 | 1.52 | 1.75 | 1.72 | 1.95 | 2.12 | 1.76 | 1.56 | 1.25 | 1.21 | 1.09 | |
| Number of days of payables | days | 201.76 | 223.96 | 229.21 | 237.68 | 193.58 | 240.15 | 285.08 | 276.22 | 251.72 | 251.21 | 240.39 | 208.07 | 211.90 | 187.61 | 172.06 | 207.14 | 233.89 | 291.82 | 301.89 | 335.32 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.81
= 201.76
The number of days of payables for Ryder System, Inc. has shown fluctuation over the past eight quarters. In Q4 2023, the number of days of payables was 32.06 days, a decrease from the previous quarter which was 34.85 days in Q3 2023. This indicates that the company took fewer days to pay its suppliers in Q4 compared to Q3.
Looking at the trend further back, in Q2 2023 and Q1 2023, the number of days of payables were 35.40 days and 36.70 days respectively, suggesting a gradual increase in the time it took for Ryder System, Inc. to pay its payables during that period.
Comparing the recent data to the same quarter in the previous year, there has been an improvement in Q4 2023, as the number of days of payables decreased from 29.10 days in Q4 2022. This implies that the company has been managing its payables more efficiently, taking less time to settle its obligations to suppliers.
Overall, the trend in the number of days of payables for Ryder System, Inc. shows some variability, but the recent reduction in Q4 2023 indicates potential improvement in the company's payables management efficiency.
Peer comparison
Dec 31, 2023