Landstar System Inc (LSTR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,819,240 | 5,303,320 | 7,436,560 | 6,537,570 | 4,132,980 |
| Total assets | US$ in thousands | 1,813,310 | 1,801,850 | 1,931,880 | 2,045,460 | 1,653,800 |
| Total asset turnover | 2.66 | 2.94 | 3.85 | 3.20 | 2.50 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,819,240K ÷ $1,813,310K
= 2.66
Total asset turnover is a key financial ratio that indicates the efficiency with which Landstar System Inc generates revenue relative to its total assets. The company's total asset turnover has shown fluctuation over the past five years, ranging from 2.50 in December 31, 2020, to 3.85 in December 31, 2022.
A higher total asset turnover generally signifies that Landstar System Inc is effectively utilizing its assets to generate revenue. The improvement in total asset turnover from 2020 to 2022 reflects an increase in revenue relative to total assets.
However, a slight decline in total asset turnover to 2.94 in December 31, 2023, followed by a further decrease to 2.66 in December 31, 2024, may indicate a decrease in efficiency in generating revenue from its assets during those periods.
It is essential for Landstar System Inc to monitor and analyze the factors contributing to these fluctuations in total asset turnover to ensure optimal utilization of its assets and maintain or improve operational efficiency in revenue generation.
Peer comparison
Dec 31, 2024