Ryder System Goodwill and Intangible Assets vs Trade and Non Trade Receivables 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 Goodwill and Intangible Assets and its Trade and Non Trade Receivables accounts. Additionally take a look at Your Equity Center.

Goodwill and Intangible Assets vs Trade and Non Trade Receivables

Accounts Relationship

Goodwill and Intangible Assets vs Trade and Non Trade Receivables

Significance: Strong Relationship

Goodwill and Intangible Assets diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Ryder System Goodwill and Intangible Assets account and Trade and Non Trade Receivables

Correlation Coefficient

0.69
Relationship DirectionPositive 
Relationship StrengthSignificant

Goodwill and Intangible Assets

A component of [Assets] representing the carrying amounts of all intangible assets and goodwill as of the balance sheet date; net of accumulated amortization and impairment charges.

Trade and Non Trade Receivables

A component of [Assets] representing trade and non-trade receivables.
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