Ryder System Inc (R)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 1.88 | 1.76 | 1.94 | 1.78 | 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 | |
| Number of days of payables | days | 194.10 | 207.54 | 188.17 | 204.80 | 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 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.88
= 194.10
The number of days of payables for Ryder System Inc has varied over the years based on the data provided. The trend shows fluctuations, indicating changes in the company's payment practices and relationships with suppliers.
From March 2020 to December 2022, there was a general increase in the number of days of payables, reaching a peak of 285.08 days in June 2022. This suggests that Ryder System Inc was taking longer to pay its suppliers during this period, potentially benefiting from extended payment terms or managing its cash flow strategically.
However, starting from September 2022, there was a decrease in the number of days of payables, with the figure dropping to 188.17 days by June 2024. This reversal in trend could indicate a shift towards more efficient payables management or a change in the company's supplier relationships.
Overall, analyzing the number of days of payables can provide insights into Ryder System Inc's working capital management, supplier payment strategies, and financial health. It is essential for the company to strike a balance in managing its payables effectively to maintain positive relationships with suppliers while optimizing its cash flow and liquidity position.
Peer comparison
Dec 31, 2024