Landstar System Inc (LSTR)
Total asset 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 |
| Total assets | US$ in thousands | 1,813,310 | 1,757,260 | 1,755,200 | 1,745,840 | 1,801,850 | 1,852,530 | 1,837,760 | 1,837,860 | 1,931,880 | 1,988,540 | 2,017,070 | 2,045,810 | 2,045,460 | 1,914,040 | 1,703,210 | 1,574,460 | 1,653,800 | 1,392,200 | 1,272,110 | 1,236,430 |
| Total asset turnover | 2.66 | 2.74 | 2.79 | 2.89 | 2.94 | 3.12 | 3.43 | 3.76 | 3.85 | 3.88 | 3.78 | 3.53 | 3.20 | 3.08 | 3.08 | 2.85 | 2.50 | 2.75 | 2.95 | 3.22 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,819,240K ÷ $1,813,310K
= 2.66
The total asset turnover ratio of Landstar System Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio measures the efficiency with which the company generates revenue from its assets.
Initially, the total asset turnover ratio increased from 3.22 on March 31, 2020, to a peak of 3.88 on September 30, 2022, indicating that the company was generating more revenue for each dollar of assets during this period. This suggests effective asset utilization and operational efficiency.
However, from September 30, 2022, to December 31, 2024, the total asset turnover ratio exhibited a decreasing trend, declining to 2.66 by the end of December 31, 2024. This decrease may suggest that the company's asset utilization efficiency has declined, possibly due to changes in business operations, asset management practices, or market conditions.
Overall, the trend in Landstar System Inc's total asset turnover ratio demonstrates periods of improvement followed by a subsequent decline. It is important for the company to closely monitor and analyze this ratio to ensure optimal utilization of its assets and maintain or improve operational efficiency in the future.
Peer comparison
Dec 31, 2024