Ryder System Inc (R)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,783,000 | 12,011,000 | 9,663,000 | 8,420,000 | 8,925,800 |
| Total current assets | US$ in thousands | 2,265,000 | 2,200,000 | 2,461,000 | 1,595,530 | 1,562,050 |
| Total current liabilities | US$ in thousands | 3,649,000 | 3,316,000 | 3,201,000 | 2,053,150 | 2,625,350 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $11,783,000K ÷ ($2,265,000K – $3,649,000K)
= —
To calculate the working capital turnover ratio for Ryder System, Inc., we need information on the company's revenue and working capital for each of the years provided. The working capital turnover ratio is calculated by dividing net sales by the average working capital.
Without specific data on net sales and working capital for the years 2019 to 2023, we are unable to calculate the working capital turnover ratio for Ryder System, Inc. Therefore, without this information, we are unable to provide a detailed and comprehensive analysis of the company's working capital turnover over the specified period.
Peer comparison
Dec 31, 2023