Ryder System Inc (R)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 489,000 | 478,000 | 497,000 | 352,000 | 406,000 | 488,000 | 573,000 | 830,000 | 867,000 | 842,016 | 734,070 | 644,175 | 519,000 | 363,862 | 261,642 | 38,438 | -122,000 | -201,364 | -328,653 | -179,339 |
| Total assets | US$ in thousands | 16,672,000 | 16,497,000 | 16,408,000 | 16,481,000 | 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 |
| ROA | 2.93% | 2.90% | 3.03% | 2.14% | 2.57% | 3.18% | 3.83% | 5.71% | 6.02% | 5.81% | 5.07% | 4.52% | 3.75% | 2.82% | 2.03% | 0.30% | -0.94% | -1.48% | -2.31% | -1.25% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $489,000K ÷ $16,672,000K
= 2.93%
Ryder System Inc's return on assets (ROA) has shown a fluctuating trend over the periods from March 31, 2020, to December 31, 2024. The ROA started with negative values in March 2020 (-1.25%) and continued to decline until June 2020, reaching its lowest point at -2.31%.
However, from March 2021 onwards, the ROA started to improve steadily, entering positive territory with a modest 0.30% in March 2021. The ROA showed notable growth in the following periods, reaching a peak of 6.02% in December 2022. Subsequently, the ROA experienced some volatility but generally stayed within the range of 2-6%, indicating varying levels of asset efficiency and profitability.
As of December 31, 2024, the ROA stood at 2.93%, showing a moderate level of return generated from the company's assets. Overall, the trend suggests an upward trajectory in the company’s ability to generate profits from its assets, with occasional fluctuations reflecting changing business conditions and management decisions.
Peer comparison
Dec 31, 2024