Ryder Net Income vs Income Before Tax Analysis
R Stock | USD 125.73 1.46 1.17% |
Ryder System financial indicator trend analysis is much more than just breaking down Ryder System prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ryder System is a good investment. Please check the relationship between Ryder System Net Income and its Income Before Tax accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ryder System. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Ryder Stock, please use our How to Invest in Ryder System guide.
Net Income vs Income Before Tax
Net Income vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ryder System Net Income account and Income Before Tax. At this time, the significance of the direction appears to have strong relationship.
The correlation between Ryder System's Net Income and Income Before Tax is 0.78. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Ryder System, assuming nothing else is changed. The correlation between historical values of Ryder System's Net Income and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Ryder System are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Net Income i.e., Ryder System's Net Income and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Ryder System financial statement analysis. It represents the amount of money remaining after all of Ryder System operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Ryder System income statement and is an important metric when analyzing Ryder System profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most indicators from Ryder System's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ryder System current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ryder System. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Ryder Stock, please use our How to Invest in Ryder System guide.At this time, Ryder System's Discontinued Operations is relatively stable compared to the past year. As of 05/19/2024, Tax Provision is likely to grow to about 222.6 M, while Issuance Of Capital Stock is likely to drop slightly above 1.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.8B | 2.8B | 2.3B | 2.1B | Total Revenue | 9.7B | 12.5B | 11.8B | 6.7B |
Ryder System fundamental ratios Correlations
Click cells to compare fundamentals
Ryder System Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ryder System fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 14.5B | 12.9B | 13.8B | 14.4B | 15.8B | 8.4B | |
Short Long Term Debt Total | 7.9B | 6.6B | 6.6B | 7.9B | 7.1B | 3.8B | |
Other Current Liab | (598.5M) | 130.5M | (591.3M) | (602M) | (829M) | (787.6M) | |
Total Current Liabilities | 1.5B | 1.5B | 1.9B | 2.0B | 2.1B | 1.4B | |
Total Stockholder Equity | 2.5B | 2.3B | 2.8B | 2.9B | 3.1B | 1.8B | |
Property Plant And Equipment Net | 11.3B | 9.7B | 9.3B | 9.3B | 10.1B | 5.9B | |
Net Debt | 7.9B | 6.5B | 6.3B | 7.6B | 6.9B | 3.7B | |
Retained Earnings | 2.2B | 1.9B | 2.3B | 2.5B | 2.6B | 1.3B | |
Cash | 73.6M | 151.3M | 234M | 267M | 204M | 121.5M | |
Non Current Assets Total | 12.9B | 11.3B | 11.4B | 12.2B | 13.5B | 7.0B | |
Non Currrent Assets Other | 1.0B | 1.1B | 1.3B | 130M | 3.4B | 3.6B | |
Cash And Short Term Investments | 73.6M | 151.3M | 234M | 267M | 204M | 121.5M | |
Net Receivables | 1.2B | 1.2B | 1.5B | 1.6B | 1.7B | 1.8B | |
Common Stock Shares Outstanding | 52.3M | 52.4M | 53.5M | 50.9M | 46.5M | 50.3M | |
Liabilities And Stockholders Equity | 14.5B | 12.9B | 13.8B | 14.4B | 15.8B | 8.4B | |
Non Current Liabilities Total | 10.5B | 9.1B | 9.2B | 9.5B | 10.6B | 11.2B | |
Inventory | 80.8M | 61.2M | 68.7M | 78M | (1.7B) | (1.6B) | |
Other Current Assets | 1.5B | 1.4B | 2.2B | 1.9B | 2.1B | 2.2B | |
Other Stockholder Equity | 1.1B | 1.1B | 1.2B | 1.2B | 1.1B | 796.8M | |
Total Liab | 12.0B | 10.7B | 11.0B | 11.5B | 12.7B | 6.6B | |
Total Current Assets | 1.6B | 1.6B | 2.5B | 2.2B | 2.3B | 1.4B | |
Short Term Debt | 1.2B | 595.4M | 1.4B | 1.5B | 1.8B | 1.9B | |
Intangible Assets | 50.9M | 43.2M | 170.2M | 295M | 396M | 415.8M | |
Accounts Payable | 594.7M | 547.4M | 747.9M | 767M | 833M | 481.5M | |
Common Stock Total Equity | 26.6M | 26.9M | 26.9M | 23M | 20.7M | 19.7M | |
Property Plant And Equipment Gross | 12.2B | 10.7B | 9.3B | 9.3B | 18.1B | 19.0B | |
Accumulated Other Comprehensive Income | (836.5M) | (817.2M) | (689.2M) | (796M) | (655M) | (622.3M) | |
Common Stock | 26.6M | 26.9M | 26.9M | 23M | 22M | 20.9M | |
Other Liab | 2.5B | 2.5B | 2.6B | 2.6B | 3.0B | 3.1B | |
Long Term Debt | 6.8B | 6.6B | 5.2B | 6.4B | 5.5B | 4.0B | |
Good Will | 475.0M | 475.2M | 570.9M | 861M | 940M | 987M | |
Property Plant Equipment | 917.8M | 8.8B | 8.3B | 8.2B | 9.4B | 9.9B | |
Current Deferred Revenue | 247.8M | 263.3M | 277.3M | 262M | 245M | 126.5M | |
Net Tangible Assets | 2.0B | 1.7B | 2.1B | 1.8B | 2.0B | 1.8B | |
Retained Earnings Total Equity | 2.2B | 1.9B | 2.3B | 2.5B | 2.9B | 2.0B | |
Long Term Debt Total | 6.8B | 6.1B | 5.2B | 5.0B | 5.8B | 5.1B | |
Capital Surpluse | 1.1B | 1.1B | 1.2B | 1.2B | 1.4B | 1.1B | |
Deferred Long Term Liab | 1.2B | 1.1B | 1.3B | 1.6B | 1.8B | 1.5B |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ryder System. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Ryder Stock, please use our How to Invest in Ryder System guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Ryder Stock analysis
When running Ryder System's price analysis, check to measure Ryder System's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ryder System is operating at the current time. Most of Ryder System's value examination focuses on studying past and present price action to predict the probability of Ryder System's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ryder System's price. Additionally, you may evaluate how the addition of Ryder System to your portfolios can decrease your overall portfolio volatility.
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |
Is Ryder System's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ryder System. If investors know Ryder will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ryder System listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.35) | Dividend Share 2.75 | Earnings Share 7.67 | Revenue Per Share 266.55 | Quarterly Revenue Growth 0.049 |
The market value of Ryder System is measured differently than its book value, which is the value of Ryder that is recorded on the company's balance sheet. Investors also form their own opinion of Ryder System's value that differs from its market value or its book value, called intrinsic value, which is Ryder System's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ryder System's market value can be influenced by many factors that don't directly affect Ryder System's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ryder System's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ryder System is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ryder System's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.