Ryder System Inc (R)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 12,637,000 | 12,471,000 | 12,227,000 | 11,929,000 | 11,783,000 | 11,848,000 | 11,959,000 | 12,109,000 | 12,011,000 | 11,523,090 | 10,947,140 | 10,295,380 | 9,663,000 | 9,275,750 | 8,967,280 | 8,480,320 | 8,420,010 | 8,483,720 | 8,557,070 | 8,906,780 |
| Receivables | US$ in thousands | 1,861,000 | 1,869,000 | 1,861,000 | 1,814,000 | 1,714,000 | 1,647,000 | 1,572,000 | 1,682,000 | 1,610,000 | 1,620,840 | 1,692,910 | 1,602,660 | 1,465,000 | 1,361,530 | 1,298,900 | 1,194,560 | 1,182,350 | 1,156,240 | 1,087,640 | 1,202,820 |
| 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $12,637,000K ÷ $1,861,000K
= 6.79
The receivables turnover ratio measures how efficiently a company is able to collect cash from its customers. A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more quickly.
Analyzing the receivables turnover of Ryder System Inc over the past few years, we can observe the following trends:
- The receivables turnover ratio has shown a slight decrease from 7.40 in March 2020 to 6.79 in December 2024.
- Despite fluctuations, the ratio generally remained within a relatively narrow range, indicating stable receivables management practices.
- However, the downward trend in the receivables turnover ratio could suggest potential issues with collections efficiency or extending credit terms to customers.
- It is important for the company to closely monitor its accounts receivable collection process to ensure timely cash inflows and liquidity management.
Overall, while the receivables turnover ratio for Ryder System Inc has declined over the years, further analysis and monitoring of accounts receivable management practices are recommended to maintain financial health and efficiency.
Peer comparison
Dec 31, 2024