Ryder System Inc (R)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,557,000 | 1,567,000 | 1,546,000 | 1,522,000 | 1,507,000 | 1,484,693 | 1,487,304 | 1,504,991 | 1,446,206 | 1,331,536 | 1,237,514 | 1,146,095 | 1,084,622 | 1,065,601 | 1,021,195 | 960,491 | 942,868 | 898,175 | 903,029 | 920,881 |
| Payables | US$ in thousands | 828,000 | 891,000 | 797,000 | 854,000 | 833,000 | 911,000 | 934,000 | 980,000 | 767,000 | 876,083 | 966,555 | 867,322 | 748,000 | 733,400 | 672,553 | 547,532 | 547,389 | 461,653 | 425,686 | 522,612 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,557,000K ÷ $828,000K
= 1.88
The payables turnover ratio of Ryder System Inc has shown some fluctuation over the past few years, ranging between 1.28 and 2.12. The ratio indicates how effectively the company is managing its accounts payable by comparing the amount of purchases made on credit to the average accounts payable during a specific period.
A higher payables turnover ratio generally suggests that the company is paying off its suppliers more quickly, which could indicate strong liquidity or efficient working capital management. On the other hand, a lower ratio may indicate slower payments or potentially strained vendor relationships.
Ryder System Inc's payables turnover has varied over the period analyzed, with some quarters showing higher turnover and others lower. This fluctuation could be influenced by various factors such as changes in payment terms with suppliers, variations in purchase volumes, or shifts in the company's overall financial performance.
It is important for stakeholders to closely monitor the payables turnover ratio along with other liquidity and working capital metrics to assess the company's financial health and its relationships with suppliers.
Peer comparison
Dec 31, 2024