Ryder System Property Plant and Equipment Net 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 Property Plant and Equipment Net and its Trade and Non Trade Receivables accounts. Additionally take a look at Your Equity Center.

Property Plant and Equipment Net vs Trade and Non Trade Receivables

Accounts Relationship

Property Plant and Equipment Net vs Trade and Non Trade Receivables

Significance: Almost Identical Trend

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 Trade and Non Trade Receivables

Correlation Coefficient

0.91
Relationship DirectionPositive 
Relationship StrengthVery Strong

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.

Trade and Non Trade Receivables

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