Landstar System Inc (LSTR)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 1.01 | 0.97 | 0.77 | 0.62 | 0.80 | |
| Number of days of payables | days | 360.54 | 376.20 | 475.79 | 585.91 | 457.09 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.01
= 360.54
Based on the provided data, Landstar System Inc's number of days of payables has fluctuated over the years.
As of December 31, 2020, the company had 457.09 days of payables, indicating that it took approximately 457 days to pay its outstanding obligations to creditors. This figure increased to 585.91 days by December 31, 2021, suggesting a lengthening of the payment period.
Subsequently, the number of days of payables decreased to 475.79 days by December 31, 2022, implying a more efficient management of payables. By December 31, 2023, the metric further improved to 376.20 days, indicating a significant reduction in the time taken to settle liabilities.
Most recently, as of December 31, 2024, Landstar System Inc had 360.54 days of payables, reflecting a further improvement in the efficiency of paying off obligations. Overall, the trend in the number of days of payables for Landstar System Inc shows fluctuations but generally suggests a more efficient management of its payable obligations over the years.
Peer comparison
Dec 31, 2024