Ryder System Inc (R)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 9,496,000 | 8,747,000 | 9,074,000 | 7,353,380 | 6,385,700 |
| Total assets | US$ in thousands | 16,672,000 | 15,778,000 | 14,395,000 | 13,835,000 | 12,932,000 |
| Operating ROA | 56.96% | 55.44% | 63.04% | 53.15% | 49.38% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $9,496,000K ÷ $16,672,000K
= 56.96%
Operating return on assets (Operating ROA) is a financial metric that reflects the company's ability to generate operating profits from its assets. Analyzing the Operating ROA trend of Ryder System Inc over the period from December 31, 2020, to December 31, 2024, shows a generally positive performance.
- In December 2020, Ryder System Inc had an Operating ROA of 49.38%. This implies that for every dollar of assets the company possessed, it generated operating profits of about 49.38 cents.
- By December 2021, the Operating ROA improved to 53.15%, indicating enhanced operational efficiency in utilizing its assets to generate profits.
- The trend continued to show a significant increase in December 2022, with the Operating ROA reaching 63.04%, showcasing a substantial improvement in the company's operational performance and asset utilization.
- However, in December 2023, there was a slight decrease in the Operating ROA to 55.44%, which could be attributed to various factors affecting the company's operating profitability.
- Finally, by December 2024, the Operating ROA improved again to 56.96%, although not reaching the peak of 63.04% in 2022.
Overall, based on the data provided, Ryder System Inc demonstrated the ability to consistently improve its operational return on assets over the analyzed period, with fluctuating but generally positive trends. This indicates effective utilization of assets to generate operating profits and reflects the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024