How do you interpret material reconciling items — gains on used vehicles net?

Higher gains indicate strong secondary market demand and effective residual value management for the fleet.

How does material reconciling items — gains on used vehicles net compare across companies?

Similar to 'Gain on Sale of Assets' in other transportation or leasing companies.

Ryder System R Material Reconciling Items — Gains On Used Vehicles Net

Discontinued — last reported Q4 '17

Similar metrics at other companies

TSNMaterial Reconciling Items — Gain Loss On Sale Of Business

$161M—

RBAMaterial Reconciling Items — Gain Loss On Sale Of Property Plant Equipment

$271K-12.0%

GISMaterial Reconciling Items — Gain Loss On Sale Of Business

$0—

PNRMaterial Reconciling Items — Gain Loss On Sale Of Business

-$900K—

KEXMaterial Reconciling Items — Gain Loss On Disposition Of Assets

-$139K-248%

CGMaterial Reconciling Items — Gain Loss On Investments

-$48.8M-146%

Other financials

Income statement

See full

Revenue$3.1B-0.2%

Net income$93.0M-5.1%

EPS (diluted)$2.33+2.6%

Balance sheet

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Cash & equivalents$182.0M+20.5%

Total debt$10.4B+5.0%

Total equity$2.9B-4.8%

Total assets$16.2B-1.2%

Cash flow

See full

Operating cash flow$583.0M-10.4%

CapEx$427.0M-16.9%

Free cash flow$156.0M+13.9%

Valuation

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Market cap$10.19B+33.7%

Enterprise value$20.44B+15.8%

P/E20.6×+5.4×

P/S0.8×+0.2×

Profitability

See full

Gross margin59.1%—

Net margin3.9%-0.1pp

FCF margin-0%0.0pp

Returns & leverage

See full

Return on equity16.9%+0.3pp

Debt / equity3.7×+0.3×

Current ratio0.7×-0.1×

Where this comes from

Reported directly by Ryder System in its filing.

Tagged under the XBRL concept r:GainsOnUsedVehiclesNet.

The official record: Ryder System’s 10-K, filed February 20, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does material reconciling items — gains on used vehicles net mean?: The net profit or loss generated from selling used vehicles that is not attributed to a specific business segment.
How do you interpret material reconciling items — gains on used vehicles net?: Higher gains indicate strong secondary market demand and effective residual value management for the fleet.
How does material reconciling items — gains on used vehicles net compare across companies?: Similar to 'Gain on Sale of Assets' in other transportation or leasing companies.