Landstar System Inc (LSTR)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 388,375 | 384,193 | 404,567 | 376,350 | 303,843 |
| Payables | US$ in thousands | 383,625 | 395,980 | 527,372 | 604,130 | 380,505 |
| Payables turnover | 1.01 | 0.97 | 0.77 | 0.62 | 0.80 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $388,375K ÷ $383,625K
= 1.01
The payables turnover ratio for Landstar System Inc has shown fluctuations over the past five years. In 2020, the ratio was 0.80, indicating that the company's payables turnover rate was relatively slow. However, in 2021, the ratio decreased to 0.62, suggesting that the company took longer to pay its suppliers compared to the previous year.
Subsequently, in 2022, there was an improvement as the payables turnover ratio increased to 0.77, indicating a faster turnover of payables. In 2023, the ratio continued to increase to 0.97, indicating an even quicker turnover of payables.
The most recent data for 2024 shows a payables turnover ratio of 1.01, which suggests that Landstar System Inc has been effectively managing its payables, paying off its suppliers more frequently within the year.
Overall, the trend in Landstar System Inc payables turnover ratio demonstrates a varying payment pattern, with recent years showing improvements in managing its payables effectively.
Peer comparison
Dec 31, 2024