Ryder System Inc (R)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 1,047,000 | 1,010,000 | 1,014,000 | 855,000 | 914,000 | 1,031,000 | 1,132,000 | 1,409,000 | 1,448,000 | 1,373,168 | 1,219,521 | 1,083,786 | 904,000 | 710,148 | 581,917 | 296,766 | 121,000 | -31,146 | -167,970 | 23,507 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 3,117,000 | 3,056,000 | 3,081,000 | 3,065,000 | 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 |
| Return on total capital | 33.59% | 33.05% | 32.91% | 27.90% | 29.78% | 33.29% | 36.56% | 46.89% | 49.30% | 45.61% | 43.05% | 40.91% | 32.31% | 28.25% | 24.06% | 13.02% | 5.36% | -1.45% | -7.78% | 1.05% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $1,047,000K ÷ ($—K + $3,117,000K)
= 33.59%
Ryder System Inc's return on total capital has shown fluctuations over the specified periods. The return on total capital was 1.05% as of March 31, 2020, indicating a relatively low return. Subsequently, the return on total capital turned negative, reaching its lowest point of -7.78% by June 30, 2020. The company's performance improved in the following quarters, with positive returns registered by December 31, 2020, at 5.36%.
The return on total capital experienced a substantial increase by March 31, 2021, reaching 13.02%, signifying an upward trend in the company's capital efficiency. This positive momentum continued throughout 2021, with returns of 24.06% by June 30, 2021, 28.25% by September 30, 2021, and 32.31% by December 31, 2021.
The trend continued into 2022, with further improvements in return on total capital. By June 30, 2022, the return on total capital stood at 43.05%, displaying significant growth. The return peaked at 49.30% by December 31, 2022, reflecting a robust performance.
However, beginning from March 31, 2023, the return on total capital started to decline, falling to 27.90% by the same date in 2024. Despite some fluctuations, the return on total capital stabilized around the range of 32-33% from June to December 2024, indicating a notably positive performance.
Overall, Ryder System Inc's return on total capital has shown variability, with periods of significant growth followed by slight declines. The company demonstrated the ability to efficiently utilize its total capital, as reflected in the improvements in return on total capital over the analyzed periods.
Peer comparison
Dec 31, 2024