What is Ryder System's UNITED KINGDOM — valuation allowance?

Ryder System (R) reported UNITED KINGDOM — valuation allowance of $4M in Q4 2022.

What does UNITED KINGDOM — valuation allowance mean?

A reserve established against tax assets that are unlikely to be used due to insufficient future taxable income.

How do you interpret UNITED KINGDOM — valuation allowance?

An increase suggests management has lowered its expectations for future profitability or tax benefit utilization in that region.

How does UNITED KINGDOM — valuation allowance compare across companies?

Standard accounting practice across multinational corporations, with peer comparisons focused on the effective tax rate impact.

Ryder System R UNITED KINGDOM — Valuation allowance

Discontinued — last reported Q4 '22

Similar metrics at other companies

PAGU.K. — Valuation allowance against deferred tax assets

$19.5M+30.9%

JEFEurope — Valuation allowance

$1.4M-22.2%

ALLYFederal And State Tax Carryforwards Valuation Allowance

$109M-1.8%

AAIS — Deferred Tax Assets Valuation Allowance

$94M—

BPOPUS — Deferred Tax Assets Valuation Allowance

——

BPOPPR — Deferred Tax Assets Valuation Allowance

——

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

See full

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

See full

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 us-gaap:DeferredTaxAssetsValuationAllowance.

The official record: Ryder System’s 10-K, filed February 15, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ryder System's UNITED KINGDOM — valuation allowance?: Ryder System (R) reported UNITED KINGDOM — valuation allowance of $4M in Q4 2022.
What does UNITED KINGDOM — valuation allowance mean?: A reserve established against tax assets that are unlikely to be used due to insufficient future taxable income.
How do you interpret UNITED KINGDOM — valuation allowance?: An increase suggests management has lowered its expectations for future profitability or tax benefit utilization in that region.
How does UNITED KINGDOM — valuation allowance compare across companies?: Standard accounting practice across multinational corporations, with peer comparisons focused on the effective tax rate impact.