Ryder System Inc (R)
Total asset 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 |
| Total assets | US$ in thousands | 16,672,000 | 15,778,000 | 14,395,000 | 13,835,000 | 12,932,000 |
| Total asset turnover | 0.76 | 0.75 | 0.83 | 0.70 | 0.65 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $12,636,000K ÷ $16,672,000K
= 0.76
The total asset turnover of Ryder System Inc has shown a gradual improvement over the last five years. Starting at 0.65 on December 31, 2020, it increased to 0.70 by December 31, 2021, and continued to rise to 0.83 by December 31, 2022, indicating that the company generated $0.83 in revenue for every $1 of assets invested. However, there was a slight dip to 0.75 by December 31, 2023, before recovering to 0.76 by December 31, 2024. Overall, the trend suggests that Ryder System Inc has been effective in utilizing its assets to generate sales, with a peak in efficiency in 2022.
Peer comparison
Dec 31, 2024
Company name
Symbol
Total asset turnover
Ryder System Inc
R
0.76
Avis Budget Group Inc
CAR
0.37
Hertz Global Holdings Inc
HTZ
0.38