Ryder System Inc (R)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | -24,410 | 141,053 | 323,350 | 293,043 |
| 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 |
| ROA | 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% | -0.17% | 0.97% | 2.23% | 2.10% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $406,000K ÷ $15,778,000K
= 2.57%
Ryder System, Inc.'s return on assets (ROA) has shown fluctuations over the past eight quarters, ranging from 2.56% to 5.99%. The ROA was relatively high in the first two quarters of 2023, with values of 3.79% and 5.67%, indicating efficient utilization of assets to generate earnings. However, in the most recent quarter, Q4 2023, the ROA decreased to 2.56%, which may suggest a decline in the company's ability to generate profits from its assets.
Overall, Ryder System's ROA performance has been strong in recent quarters, consistently above 5% until the last quarter. Investors and stakeholders may want to monitor future ROA trends to assess the company's efficiency in utilizing its assets to generate profits.
Peer comparison
Dec 31, 2023