Landstar System Inc (LSTR)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	384,193	404,567	376,350	303,843	283,740
Inventory	US$ in thousands	—	—	—	0	—
Inventory turnover		—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $384,193K ÷ $—K
= —

To calculate the inventory turnover for Landstar System Inc, we would need specific data for the cost of goods sold and inventory for each of the years mentioned in the table. Unfortunately, as the table does not provide this information, we are unable to calculate the inventory turnover ratio for Landstar System Inc. Inventory turnover is a key financial ratio that measures how many times a company's inventory is sold and replaced over a specific period, indicating operational efficiency and inventory management effectiveness. A higher inventory turnover ratio generally reflects better sales performance and inventory management, while a lower ratio may indicate slow sales or excessive inventory levels. If you can provide the necessary data, I would be able to calculate and analyze the inventory turnover ratio for Landstar System Inc accordingly.