Ryder System Accounts Payable vs Property Plant and Equipment Net Analysis

R -- USA Stock  

Fiscal Quarter End: December 31, 2019  

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 Accounts Payable and its Property Plant and Equipment Net accounts. Additionally take a look at Your Equity Center.

Accounts Payable vs Property Plant and Equipment Net

Accounts Relationship

Accounts Payable vs Property Plant and Equipment Net

Significance: Strong Relationship

Accounts Payable diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Ryder System Accounts Payable account and Property Plant and Equipment Net

Correlation Coefficient

0.7
Relationship DirectionPositive 
Relationship StrengthSignificant

Accounts Payable

An accounting item on the balance sheet that represents Ryder System obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Ryder System are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms.

Property Plant and Equipment Net

A component of [Assets] representing the amount after accumulated depreciation; depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale.
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