Ryder System Inc (R)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 10,276,000 | 10,363,320 | 10,472,170 | 10,604,150 | 10,564,800 | 10,191,500 | 9,709,110 | 9,149,100 | 8,578,330 | 8,210,240 | 7,946,170 | 7,519,920 | 7,477,230 | 7,839,850 | 7,908,360 | 8,240,220 | 8,252,030 | 8,233,830 | 8,168,490 | 8,027,330 |
| Revenue (ttm) | US$ in thousands | 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 | 8,925,800 | 8,909,410 | 8,845,160 | 8,690,070 |
| Gross profit margin | 87.21% | 87.47% | 87.57% | 87.57% | 87.96% | 88.44% | 88.69% | 88.87% | 88.78% | 88.51% | 88.61% | 88.67% | 88.80% | 92.41% | 92.42% | 92.52% | 92.45% | 92.42% | 92.35% | 92.37% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $10,276,000K ÷ $11,783,000K
= 87.21%
Ryder System, Inc.'s gross profit margin has shown relatively stable performance over the last eight quarters, ranging from 19.19% to 19.90%. The company's ability to generate gross profit from its revenue streams has been consistent, with minor fluctuations observed. Although there was a slight decline in the gross profit margin in Q2 2022, the overall trend suggests that Ryder System, Inc. has been able to maintain a gross profit margin in the range of 19.42% to 19.90% over the past two years. This indicates efficient cost management and pricing strategies, which have contributed to the company's ability to retain a healthy portion of revenue as gross profit.
Peer comparison
Dec 31, 2023