Ryder System Inc (R)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 8,742,000 | 8,897,920 | 9,004,160 | 9,118,450 | 9,126,350 | 8,711,000 | 8,322,630 | 7,854,040 | 7,350,080 | 7,032,780 | 6,813,120 | 6,447,570 | 6,401,700 | 7,176,980 | 7,240,630 | 7,554,640 | 7,578,250 | 7,560,050 | 7,495,240 | 7,368,570 |
| 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 |
| Operating profit margin | 74.19% | 75.10% | 75.29% | 75.30% | 75.98% | 75.60% | 76.03% | 76.29% | 76.06% | 75.82% | 75.98% | 76.03% | 76.03% | 84.60% | 84.62% | 84.82% | 84.90% | 84.85% | 84.74% | 84.79% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $8,742,000K ÷ $11,783,000K
= 74.19%
Ryder System, Inc.'s operating profit margin has shown a slight fluctuation over the past eight quarters. The company's operating profit margin ranged from a high of 8.12% in Q4 2022 to a low of 7.02% in Q1 2022. Overall, the operating profit margin has remained relatively stable, with the most recent quarter at 7.45%.
The operating profit margin indicates the efficiency of Ryder's operations in generating profits from its core business activities. A higher operating profit margin suggests that the company is effectively controlling its operating expenses relative to its revenue. Despite the fluctuations in the margin, the company has maintained margins above 7% consistently over the period analyzed.
It is important for investors and stakeholders to monitor Ryder's operating profit margin over time to assess the company's operational efficiency and profitability. Further analysis incorporating other financial ratios and factors would provide a more comprehensive understanding of Ryder System, Inc.'s financial performance.
Peer comparison
Dec 31, 2023