Landstar System Inc (LSTR)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 0.97 | 0.77 | 0.62 | 0.80 | 1.04 | |
| Number of days of payables | days | 376.20 | 475.79 | 585.91 | 457.09 | 349.89 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.97
= 376.20
The number of days of payables for Landstar System Inc has exhibited fluctuations over the past five years. The trend indicates an increase from 349.89 days at the end of 2019 to 585.91 days at the end of 2021, possibly suggesting a lengthening in the time it takes for the company to pay its suppliers.
However, there was a notable decrease in the number of days of payables at the end of 2022 compared to 2021, followed by a slight increase at the end of 2023. This fluctuation could indicate changes in the company's payment practices or its ability to negotiate favorable payment terms with suppliers.
Overall, it is important for stakeholders to monitor Landstar System Inc's number of days of payables to assess the company's liquidity position, efficiency in managing working capital, and relationships with suppliers.
Peer comparison
Dec 31, 2023