Ryder System Inc (R)
Total asset 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 |
| Total assets | US$ in thousands | 16,672,000 | 16,497,000 | 16,408,000 | 16,481,000 | 15,778,000 | 15,330,000 | 14,971,000 | 14,543,000 | 14,395,000 | 14,499,000 | 14,475,900 | 14,236,300 | 13,835,000 | 12,896,100 | 12,903,000 | 12,674,600 | 12,932,000 | 13,642,000 | 14,208,800 | 14,364,200 |
| 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $12,637,000K ÷ $16,672,000K
= 0.76
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its total assets. For Ryder System Inc, the total asset turnover has shown a fluctuating trend over the past few years.
The ratio was 0.62 as of March 31, 2020, indicating that the company generated $0.62 in sales for every $1 of total assets. The ratio decreased slightly to 0.60 by June 30, 2020, before improving to 0.65 by December 31, 2020. Throughout 2021 and 2022, the total asset turnover continued to increase steadily, reaching 0.83 by December 31, 2022.
However, in the following periods, the ratio experienced some fluctuations, dropping to 0.72 by March 31, 2024, and then recovering to 0.76 by June 30, 2024. Overall, the total asset turnover for Ryder System Inc has shown an upward trend, indicating an improvement in the company's efficiency in utilizing its assets to generate sales revenue.
Peer comparison
Dec 31, 2024