Ryder System Inc (R)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover — — — — — 19.80 20.10 20.34 18.54 16.96 15.07 15.32 15.72 15.94 16.29 15.84 15.41 14.82 14.50 14.08
Receivables turnover 6.79 6.67 6.57 6.58 6.87 7.19 7.61 7.20 7.46 7.11 6.47 6.42 6.60 6.81 6.90 7.10 7.12 7.34 7.87 7.40
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
Working capital turnover — — — — — — — — — — — — — — — — — — — —

Ryder System Inc's inventory turnover ratio has been showing a consistent improvement over the years, increasing from 14.08 in March 2020 to 18.54 in December 2022. This indicates that the company is efficiently managing its inventory levels and selling its products more frequently each year.

On the other hand, the receivables turnover ratio has been somewhat fluctuating, declining from 7.40 in March 2020 to 6.79 in December 2024. This may suggest that Ryder System Inc is taking longer to collect payments from its customers, which could potentially impact its cash flow and liquidity position.

The payables turnover ratio has also shown variability, peaking at 2.12 in June 2020 and then declining to 1.88 in December 2024. A lower payables turnover ratio may imply that the company is taking more time to pay its suppliers, which could have implications for its relationships with vendors.

Lastly, the working capital turnover ratio data is not available for analysis, suggesting limited insights into how efficiently Ryder System Inc is utilizing its working capital to generate revenue.

Overall, while the company's inventory turnover has been positive, the fluctuations in receivables and payables turnover ratios indicate potential areas for improvement in managing accounts receivable and payable effectively to optimize cash flow and operational efficiency.

Average number of days

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
Days of inventory on hand (DOH) days — — — — — 18.44 18.16 17.95 19.69 21.52 24.21 23.83 23.22 22.89 22.41 23.05 23.69 24.62 25.17 25.93
Days of sales outstanding (DSO) days 53.75 54.70 55.55 55.50 53.09 50.74 47.98 50.70 48.93 51.34 56.45 56.82 55.34 53.58 52.87 51.41 51.25 49.75 46.39 49.29
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

Ryder System Inc's activity ratios provide insight into its efficiency in managing inventory, accounts receivable, and accounts payable.

The Days of Inventory on Hand (DOH) ratio decreased from 25.93 days as of March 31, 2020, to 19.69 days as of December 31, 2022. This decline indicates a more effective management of inventory levels, with the company holding less inventory on average over the period.

The Days of Sales Outstanding (DSO) ratio, measuring how long it takes for the company to collect payments from its customers, fluctuated but generally increased from 49.29 days as of March 31, 2020, to 55.55 days as of June 30, 2024. This trend suggests potential challenges in collecting receivables efficiently over the period.

The Number of Days of Payables ratio, representing the time it takes for the company to pay its suppliers, increased from 207.14 days as of March 31, 2020, to 194.10 days as of December 31, 2024. This indicates that Ryder System Inc has been taking longer to pay its creditors, potentially improving its working capital position.

Overall, Ryder System Inc's activity ratios reflect improvements in inventory management but potential challenges in accounts receivable collection efficiency. The company's management of payables may be providing some benefit in terms of managing working capital.

Long-term

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
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
Total asset turnover 0.76 0.76 0.75 0.72 0.75 0.77 0.80 0.83 0.83 0.79 0.76 0.72 0.70 0.72 0.69 0.67 0.65 0.62 0.60 0.62

Ryder System Inc's fixed asset turnover has shown an increasing trend over the past few years, indicating that the company is efficiently utilizing its fixed assets to generate revenue. The ratio has steadily improved from 9.82 in March 2020 to 11.39 in December 2024, peaking at 11.39. This suggests that the company is effectively managing and generating more revenue from its fixed assets.

On the other hand, the total asset turnover ratio has been relatively stable, ranging from 0.60 to 0.83 during the same period. This ratio measures how effectively the company is using all its assets to generate revenue. Despite some fluctuations, the total asset turnover has generally shown a positive trend, indicating that Ryder System Inc is efficiently generating revenue relative to its total assets.

Overall, the increasing trend in fixed asset turnover coupled with the stable total asset turnover suggests that Ryder System Inc is effectively managing its assets to generate revenue efficiently.