Ryder System Inc (R)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 3,069,000 | 3,097,000 | 3,096,000 | 3,005,000 | 2,937,000 | 3,011,000 | 2,833,000 | 2,649,000 | 2,798,000 | 2,513,650 | 2,418,210 | 2,279,690 | 2,256,000 | 2,150,560 | 2,159,090 | 2,242,740 | 2,476,000 | 2,476,990 | 2,607,710 | 2,566,800 |
| ROE | 13.23% | 15.76% | 18.51% | 27.62% | 29.52% | 27.96% | 25.91% | 24.32% | 18.55% | 14.48% | 10.82% | 1.69% | -5.41% | -9.36% | -15.22% | -8.00% | -0.99% | 5.69% | 12.40% | 11.42% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $406,000K ÷ $3,069,000K
= 13.23%
Ryder System, Inc.'s return on equity (ROE) has shown some fluctuations over the past eight quarters. The ROE has ranged from 13.16% to 29.35% during this period.
In general, a higher ROE indicates that a company is effectively utilizing its shareholders' equity to generate profits. The decreasing trend in ROE from Q4 2022 to Q1 2023 is a cause for concern, as it suggests a potential decline in the company's ability to generate returns for its shareholders during that period.
It is essential for investors and stakeholders to further investigate the reasons behind the fluctuation in ROE to determine if it is due to changes in the company's profitability, financial leverage, or asset management efficiency. This analysis can provide valuable insights into the company's financial performance and sustainability in the long term.
Peer comparison
Dec 31, 2023