Ryder System Inc (R)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 489,000 | 406,000 | 867,000 | 519,000 | -122,000 |
| Total assets | US$ in thousands | 16,672,000 | 15,778,000 | 14,395,000 | 13,835,000 | 12,932,000 |
| ROA | 2.93% | 2.57% | 6.02% | 3.75% | -0.94% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $489,000K ÷ $16,672,000K
= 2.93%
Based on the data provided, the return on assets (ROA) for Ryder System Inc shows noticeable fluctuations over the period from December 31, 2020, to December 31, 2024.
- In 2020, the ROA was -0.94%, indicating that the company had negative returns relative to its assets.
- By the end of 2021, the ROA improved significantly to 3.75%, suggesting that the company's profitability in generating earnings from its assets had increased.
- In 2022, the ROA increased further to 6.02%, indicating that Ryder System Inc was more effective in utilizing its assets to generate profits.
- The ROA dropped to 2.57% by the end of 2023, showing a slight decline in profitability compared to the previous year.
- Lastly, in 2024, the ROA increased slightly to 2.93%, indicating a modest improvement in the company's ability to generate profits from its assets.
Overall, the trend in ROA for Ryder System Inc demonstrates fluctuations in profitability but generally shows an improvement over the period, with some variation in the company's efficiency in utilizing its assets to generate returns.
Peer comparison
Dec 31, 2024