Landstar System Inc (LSTR)

Number of days of payables

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
Payables turnover 1.01 0.97 0.95 1.00 0.97 0.84 0.83 0.82 0.77 0.64 0.61 0.63 0.62 0.63 0.66 0.73 0.80 0.89 1.11 1.09
Number of days of payables days 360.54 378.12 383.72 364.67 376.20 433.80 441.56 443.26 475.79 573.38 594.76 579.39 585.91 578.24 554.57 502.45 457.09 409.51 328.45 333.42

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 1.01
= 360.54

The number of days of payables for Landstar System Inc has exhibited fluctuations over the past few years. The company's payables turnover has seen an increasing trend from approximately 333 days on March 31, 2020, to a peak of 594 days on June 30, 2022. Subsequently, there was a decline in the number of days of payables to 360 days by December 31, 2024.

It is essential to note that a higher number of days of payables may indicate that the company is taking longer to pay its suppliers, which could be due to various reasons such as liquidity constraints, negotiation leverage, or changes in payment terms. On the other hand, a lower number of days of payables may suggest efficient management of trade credit, leading to better cash flow management.

Overall, the trend in Landstar System Inc's number of days of payables reflects fluctuations in the company's payment practices and should be analyzed in conjunction with other financial metrics to get a comprehensive understanding of its financial health and operational efficiency.