Ryder System Inc (R)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 406,000 | 867,000 | 519,000 | -122,000 | -24,410 |
| Total stockholders’ equity | US$ in thousands | 3,069,000 | 2,937,000 | 2,798,000 | 2,256,000 | 2,476,000 |
| ROE | 13.23% | 29.52% | 18.55% | -5.41% | -0.99% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $406,000K ÷ $3,069,000K
= 13.23%
Ryder System, Inc.'s return on equity (ROE) has shown fluctuations over the past five years. In 2023, the ROE was 13.16%, which was a decrease from the previous year's ROE of 29.35%. This decrease indicates that the company's profitability in relation to its shareholders' equity decreased during the year.
Looking back at the historical trend, in 2021, Ryder System, Inc. had an ROE of 18.46%, which was an improvement from the negative ROE of -5.44% in 2020. This indicates that the company was able to turn around its profitability performance from a loss to a positive return on equity.
In 2019, the company had an ROE of 3.74%, showing a modest return on equity compared to the more significant improvements seen in subsequent years. Overall, Ryder System, Inc.'s ROE has shown volatility in recent years, suggesting fluctuations in the company's ability to generate profits relative to its shareholders' equity. Further analysis of the company's financial performance and factors influencing its profitability would be necessary to fully understand the drivers behind these fluctuations.
Peer comparison
Dec 31, 2023