Ryder System Inc (R)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 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 | 197,972 | 425,642 | 620,286 | 600,054 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 227,000 | 810,000 | 861,000 | 800,000 |
| 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 |
| Return on total capital | 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% | 7.32% | 12.95% | 17.88% | 17.82% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $914,000K ÷ ($—K + $3,069,000K)
= 29.78%
Ryder System, Inc.'s return on total capital has demonstrated fluctuations over the past eight quarters. The return on total capital ranged from a high of 15.34% in Q4 2022 to a low of 10.39% in Q1 2022. In Q4 2023, the return on total capital decreased to 10.55% compared to the previous quarter. Overall, the company's return on total capital has generally been above 10% in the recent quarters, indicating that Ryder System, Inc. has been generating a favorable return on its invested capital.
Peer comparison
Dec 31, 2023
Company name
Symbol
Return on total capital
Ryder System Inc
R
29.78%
Avis Budget Group Inc
CAR
49.68%
Hertz Global Holdings Inc
HTZ
11.22%