Ryder System Inc (R)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 12,636,000 | 11,783,000 | 12,011,000 | 9,663,000 | 8,420,000 |
| Receivables | US$ in thousands | 1,861,000 | 1,714,000 | 1,610,000 | 1,465,000 | 1,182,350 |
| Receivables turnover | 6.79 | 6.87 | 7.46 | 6.60 | 7.12 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $12,636,000K ÷ $1,861,000K
= 6.79
The receivables turnover ratio of Ryder System Inc has shown some fluctuations over the recent years. In 2020, the ratio stood at 7.12, indicating that the company collected its accounts receivable approximately 7.12 times during that year. The ratio then decreased slightly to 6.60 in 2021, suggesting a slower rate of collection compared to the previous year.
However, in 2022, there was an improvement as the receivables turnover increased to 7.46, signifying a quicker collection of accounts receivable. This trend was followed by a slight dip in 2023, with the ratio dropping to 6.87, indicating a slower collection rate compared to the previous year.
By the end of 2024, the receivables turnover ratio was 6.79, showing a further decrease in the rate of collection compared to the previous year. Overall, while there have been fluctuations in the receivables turnover ratio, it is essential for Ryder System Inc to monitor and manage its accounts receivable effectively to ensure timely collection and maintain healthy cash flow.
Peer comparison
Dec 31, 2024