Ryder System Inc (R)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 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 | 14,475,300 | 14,482,800 | 14,522,100 | 13,949,000 |
| Operating ROA | 55.41% | 58.04% | 60.14% | 62.70% | 63.40% | 60.08% | 57.49% | 55.17% | 53.13% | 54.53% | 52.80% | 50.87% | 49.50% | 52.61% | 50.96% | 52.59% | 52.35% | 52.20% | 51.61% | 52.83% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $8,742,000K ÷ $15,778,000K
= 55.41%
Ryder System, Inc.'s operating return on assets (operating ROA) has shown some fluctuation over the past eight quarters. The trend indicates that the company's efficiency in generating operating income from its assets has been varying.
The operating ROA started at 5.07% in Q1 2022 and gradually increased to reach a peak of 6.77% in Q4 2022. However, from Q1 2023 onwards, there has been a downward trend in the operating ROA figures, with a gradual decrease to 5.56% in Q4 2023.
Overall, although the operating ROA for Ryder System, Inc. experienced some volatility, the general trajectory suggests that the company has been able to generate a moderate return on its assets over the analyzed period. It is important for the management to closely monitor and assess the factors influencing these fluctuations to ensure sustained profitability and efficiency in the utilization of assets.
Peer comparison
Dec 31, 2023