Landstar System Inc (LSTR)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| DOH | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Days of Inventory on Hand (DOH) is a financial ratio that indicates how many days, on average, a company holds its inventory before selling it. A lower DOH value suggests that the company is efficiently managing its inventory levels and converting it into sales quickly.
In the case of Landstar System Inc, the DOH data is not provided in the table. Without specific DOH values, it is challenging to analyze the efficiency of Landstar's inventory management over time. However, if a trend analysis were possible based on DOH figures, a decreasing trend in DOH over time would imply that Landstar has been improving its inventory turnover rate and sales efficiency.
It is important for Landstar System Inc to closely monitor its inventory levels and turnover ratios to ensure optimal inventory management practices. They should strive to strike a balance between holding enough inventory to meet customer demand while avoiding excess inventory that ties up working capital.
Peer comparison
Dec 31, 2023