Landstar System Inc (LSTR)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	388,375	384,097	381,950	384,613	384,193	391,016	395,688	403,741	404,567	409,991	411,500	394,574	376,350	346,157	317,048	301,068	303,843	302,866	303,736	297,952
Inventory	US$ in thousands	—	—	0	0	—	0	0	0	—	0	0	0	—	0	—	0	0	0	0	—
Inventory turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $388,375K ÷ $—K
= —

The provided data indicates that Landstar System Inc has not reported its inventory turnover for the periods from March 31, 2020, to December 31, 2024. Inventory turnover is a financial ratio that measures how many times a company's inventory is sold and replaced over a specific period. It is calculated by dividing the cost of goods sold by the average inventory during the period.

Without the specific values for the cost of goods sold and average inventory, we are unable to calculate the inventory turnover ratio for Landstar System Inc. However, a high inventory turnover ratio generally indicates efficient inventory management and a lower risk of obsolete inventory, while a low ratio may suggest slower sales or overstocked inventory.

Given the absence of data, it is essential for Landstar System Inc to monitor its inventory turnover regularly to ensure optimal inventory levels, minimize carrying costs, and improve overall operational efficiency. Companies often strive to strike a balance between having enough inventory to meet customer demand while avoiding excess inventory that ties up capital and may become obsolete.