Ryder System Beneish M-Score Historical Data
The historical data trend for Ryder System's Beneish M-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ryder System Beneish M-Score Chart
|
Ryder System Annual Data
|
|
Trend |
Dec15 |
Dec16 |
Dec17 |
Dec18 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
Dec24 |
| Beneish M-Score |
|
Get a 7-Day Free Trial
|
|
|
-3.32 |
-2.91 |
-2.86 |
-2.89 |
-2.84 |
|
Ryder System Quarterly Data
|
|
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
Jun24 |
Sep24 |
Dec24 |
Mar25 |
| Beneish M-Score |
Get a 7-Day Free Trial
|
|
|
|
|
|
|
|
|
|
|
|
|
-2.96 |
-2.71 |
-2.78 |
-2.84 |
-2.98 |
Competitive Comparison of Ryder System's Beneish M-Score
For the Rental & Leasing Services subindustry, Ryder System's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ryder System's Beneish M-Score Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Ryder System's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Ryder System's Beneish M-Score falls into.
Ryder System Beneish M-Score Calculation
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of Ryder System for today is based on a combination of the following eight different indices:
| M | = | -4.84 | + | 0.92 * DSRI | + | 0.528 * GMI | + | 0.404 * AQI | + | 0.892 * SGI | + | 0.115 * DEPI |
| = | -4.84 | + | 0.92 * 0.9541 | + | 0.528 * 1.0169 | + | 0.404 * 1.0268 | + | 0.892 * 1.0545 | + | 0.115 * 0.9723 |
| - | 0.172 * SGAI | + | 4.679 * TATA | - | 0.327 * LVGI |
| - | 0.172 * 0.9701 | + | 4.679 * -0.112904 | - | 0.327 * 1 |
| = | -2.98 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
| This Year (Mar25) TTM: | Last Year (Mar24) TTM: |
Total Receivables was $1,825 Mil.
Revenue was 3140 + 3207 + 3183 + 3201 = $12,731 Mil.
Gross Profit was 616 + 659 + 655 + 648 = $2,578 Mil.
Total Current Assets was $2,328 Mil.
Total Assets was $16,421 Mil.
Property, Plant and Equipment(Net PPE) was $11,170 Mil.
Depreciation, Depletion and Amortization(DDA) was $1,856 Mil.
Selling, General, & Admin. Expense(SGA) was $1,469 Mil.
Total Current Liabilities was $3,197 Mil.
Long-Term Debt & Capital Lease Obligation was $7,413 Mil.
Net Income was 98 + 135 + 142 + 127 = $502 Mil.
Non Operating Income was -14 + -13 + -1 + -6 = $-34 Mil.
Cash Flow from Operations was 651 + 558 + 629 + 552 = $2,390 Mil.
|
Total Receivables was $1,814 Mil.
Revenue was 3118 + 3045 + 2971 + 2939 = $12,073 Mil.
Gross Profit was 585 + 612 + 644 + 645 = $2,486 Mil.
Total Current Assets was $2,406 Mil.
Total Assets was $16,481 Mil.
Property, Plant and Equipment(Net PPE) was $11,218 Mil.
Depreciation, Depletion and Amortization(DDA) was $1,804 Mil.
Selling, General, & Admin. Expense(SGA) was $1,436 Mil.
Total Current Liabilities was $2,918 Mil.
Long-Term Debt & Capital Lease Obligation was $7,731 Mil.
|
1. DSRI = Days Sales in Receivables Index
Measured as the ratio of Revenue in Total Receivables in year t to year t-1.
A large increase in DSR could be indicative of revenue inflation.
| DSRI | = | (Receivables_t / Revenue_t) | / | (Receivables_t-1 / Revenue_t-1) |
| = | (1825 / 12731) | / | (1814 / 12073) |
| = | 0.143351 | / | 0.150253 |
| | = | 0.9541 |
2. GMI = Gross Margin Index
Measured as the ratio of gross margin in year t-1 to gross margin in year t.
Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.
| GMI | = | GrossMargin_t-1 | / | GrossMargin_t |
| = | (GrossProfit_t-1 / Revenue_t-1) | / | (GrossProfit_t / Revenue_t) |
| = | (2486 / 12073) | / | (2578 / 12731) |
| = | 0.205914 | / | 0.202498 |
| | = | 1.0169 |
3. AQI = Asset Quality Index
AQI is the ratio of asset quality in year t to year t-1.
Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.
| AQI | = | (1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) | / | (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1) |
| = | (1 - (2328 + 11170) / 16421) | / | (1 - (2406 + 11218) / 16481) |
| = | 0.178004 | / | 0.173351 |
| | = | 1.0268 |
4. SGI = Sales Growth Index
Ratio of Revenue in year t to sales in year t-1.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
| SGI | = | Sales_t | / | Sales_t-1 |
| = | Revenue_t | / | Revenue_t-1 |
| = | 12731 | / | 12073 |
| | = | 1.0545 |
5. DEPI = Depreciation Index
Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
| DEPI | = | (Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) | / | (Depreciation_t / (Depreciaton_t + PPE_t)) |
| = | (1804 / (1804 + 11218)) | / | (1856 / (1856 + 11170)) |
| = | 0.138535 | / | 0.142484 |
| | = | 0.9723 |
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.
SGA expenses index > 1 means that the company is becoming less efficient in generate sales.
| SGAI | = | (SGA_t / Sales_t) | / | (SGA_t-1 /Sales_t-1) |
| = | (1469 / 12731) | / | (1436 / 12073) |
| = | 0.115388 | / | 0.118943 |
| | = | 0.9701 |
7. LVGI = Leverage Index
The ratio of total debt to Total Assets in year t relative to yeat t-1.
An LVGI > 1 indicates an increase in leverage
| LVGI | = | ((LTD_t + CurrentLiabilities_t) / TotalAssets_t) | / | ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1) |
| = | ((7413 + 3197) / 16421) | / | ((7731 + 2918) / 16481) |
| = | 0.646124 | / | 0.646138 |
| | = | 1 |
8. TATA = Total Accruals to Total Assets
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
| TATA | = | (IncomefromContinuingOperations_t | - | CashFlowsfromOperations_t) | / | TotalAssets_t |
| = | (NetIncome_t - NonOperatingIncome_t | - | CashFlowsfromOperations_t) | / | TotalAssets_t |
| = | (502 - -34 | - | 2390) | / | 16421 |
| | = | -0.112904 |
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Ryder System has a M-score of -2.98 suggests that the company is unlikely to be a manipulator.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
R has been successfully added to your