Landstar System Inc (LSTR)

Receivables 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
Revenue (ttm)	US$ in thousands	4,819,240	4,814,350	4,889,820	5,038,680	5,303,320	5,773,650	6,300,440	6,901,640	7,436,560	7,706,810	7,624,980	7,220,640	6,537,570	5,888,910	5,240,160	4,492,954	4,132,990	3,831,509	3,757,619	3,979,145
Receivables	US$ in thousands	683,841	694,633	724,479	723,841	743,762	810,801	848,839	899,811	967,793	1,133,680	1,216,520	1,223,120	1,154,310	1,010,540	902,950	824,872	764,169	637,908	489,182	562,528
Receivables turnover		7.05	6.93	6.75	6.96	7.13	7.12	7.42	7.67	7.68	6.80	6.27	5.90	5.66	5.83	5.80	5.45	5.41	6.01	7.68	7.07

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,819,240K ÷ $683,841K
= 7.05

The receivables turnover ratio for Landstar System Inc has shown some fluctuations over the past few years. The ratio, which measures how efficiently the company is collecting its accounts receivable, has ranged from 5.41 to 7.68.

From March 31, 2020, to December 31, 2021, the receivables turnover ratio decreased steadily from 7.07 to 5.66, indicating a potential slowdown in the company's collection of receivables. However, from March 31, 2022, to December 31, 2024, the ratio has shown a slight increase trend, reaching a peak of 7.68.

Overall, the company's ability to convert its accounts receivable into cash has been relatively stable, with an average turnover ratio of approximately 6.79 over the observed period. It is important for Landstar System Inc to monitor this ratio closely to ensure efficient management of its receivables and maintain healthy cash flow levels.