Landstar System Inc (LSTR)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	4,819,240	4,814,350	4,889,820	5,038,680	5,303,320	5,773,650	6,300,440	6,901,640	7,436,560	7,706,810	7,624,980	7,220,640	6,537,570	5,888,910	5,240,160	4,492,954	4,132,990	3,831,509	3,757,619	3,979,145
Property, plant and equipment	US$ in thousands	311,345	289,248	285,995	279,552	284,300	284,081	297,066	306,224	314,990	321,585	314,191	307,044	317,386	301,373	281,016	288,041	296,996	279,495	284,794	276,663
Fixed asset turnover		15.48	16.64	17.10	18.02	18.65	20.32	21.21	22.54	23.61	23.97	24.27	23.52	20.60	19.54	18.65	15.60	13.92	13.71	13.19	14.38

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,819,240K ÷ $311,345K
= 15.48

Landstar System Inc's fixed asset turnover has shown a general increasing trend from March 31, 2020, to December 31, 2021, peaking at 20.60. This indicates that the company generated $20.60 in revenue for every dollar invested in fixed assets during that period. Subsequently, there was a slight decline in fixed asset turnover from March 31, 2022, to December 31, 2024, as the ratio fluctuated within the range of 15.48 to 23.97.

Overall, Landstar System Inc's fixed asset turnover demonstrates the company's efficiency in utilizing its fixed assets to generate revenue. It is crucial to continue monitoring this ratio to assess the company's ability to maximize returns on its investment in fixed assets.