Ryder System Property Plant and Equipment Net vs Investments 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 Property Plant and Equipment Net and its Investments accounts. Additionally take a look at Your Equity Center.

Property Plant and Equipment Net vs Investments

Accounts Relationship

Property Plant and Equipment Net vs Investments

Significance: Almost No Relationship

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

Correlation Coefficient

0.14
Relationship DirectionPositive 
Relationship StrengthInsignificant

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.

Investments

A component of [Assets] representing the total amount of marketable and non-marketable securties; loans receivable and other invested assets.
Search macroaxis.com