Landstar System Inc (LSTR)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	1,529,951	1,536,774	1,541,446	1,549,499	404,567	409,991	411,500	394,574	376,350	346,157	317,048	301,068	303,843	302,866	303,736	297,952	283,740	285,283	288,739	301,428
Inventory	US$ in thousands	—	0	0	0	—	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—
Inventory turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,529,951K ÷ $—K
= —

The inventory turnover ratio for Landstar System Inc is not provided in the table. Inventory turnover ratio measures how efficiently a company is managing its inventory by indicating how many times a company's inventory is sold and replaced over a period. A higher inventory turnover ratio is generally better as it shows that inventory is being sold quickly, reducing the risk of obsolescence and freeing up cash for other uses. Conversely, a low inventory turnover ratio may indicate overstocking, slow sales, or obsolete inventory. For a comprehensive analysis of Landstar System Inc's inventory turnover, the missing data points for inventory turnover need to be calculated from the information provided in the financial statements.