How do you interpret operating segments — payments to acquire productive assets?

Higher spending signals growth initiatives or fleet renewal, while lower spending may indicate a focus on cash preservation or reduced growth expectations.

How does operating segments — payments to acquire productive assets compare across companies?

Comparable to CapEx reporting in any asset-heavy industry.

Ryder System R Operating Segments — Payments To Acquire Productive Assets

Discontinued — last reported Q4 '17

Similar metrics at other companies

PAGOperating Segments — Payments To Acquire Productive Assets

$61.75M+21.6%

EXPDOperating Segments — Payments To Acquire Productive Assets

$13.8M+8.1%

CRSOperating Segments — Payments To Acquire Productive Assets

$18M+56.5%

SPXCOperating Segments — Payments To Acquire Productive Assets

$2.28M0.0%

CPRTOperating Segments — Payments To Acquire Productive Assets

$77.7M+83.7%

IROperating Segments — Payments To Acquire Productive Assets

$6.68M-64.1%

Other financials

Income statement

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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

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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

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Gross margin59.1%—

Net margin3.9%-0.1pp

FCF margin-0%0.0pp

Returns & leverage

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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 us-gaap:PaymentsToAcquireProductiveAssets.

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

Questions, answered.

What does operating segments — payments to acquire productive assets mean?: Cash spent to buy or upgrade equipment and assets for a specific segment.
How do you interpret operating segments — payments to acquire productive assets?: Higher spending signals growth initiatives or fleet renewal, while lower spending may indicate a focus on cash preservation or reduced growth expectations.
How does operating segments — payments to acquire productive assets compare across companies?: Comparable to CapEx reporting in any asset-heavy industry.