Landstar System Inc (LSTR)
Working capital 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 current assets | US$ in thousands | 1,319,870 | 1,352,740 | 1,439,390 | 1,522,900 | 1,208,180 |
| Total current liabilities | US$ in thousands | 673,154 | 675,224 | 878,135 | 1,009,980 | 806,137 |
| Working capital turnover | 7.45 | 7.83 | 13.25 | 12.75 | 10.28 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,819,240K ÷ ($1,319,870K – $673,154K)
= 7.45
The working capital turnover ratio for Landstar System Inc has shown fluctuations over the past five years. In 2020, the ratio was 10.28 times, indicating that the company's working capital was turned over approximately 10 times during that year. This ratio increased to 12.75 in 2021 and further to 13.25 in 2022, suggesting an improvement in the efficiency of working capital management.
However, there was a notable decrease in the working capital turnover ratio in 2023, dropping to 7.83, which could indicate potential inefficiencies in managing working capital during that period. This trend continued in 2024, with the ratio falling slightly to 7.45, reflecting a further decline in the efficiency of working capital utilization.
Overall, while there were fluctuations in the working capital turnover ratio for Landstar System Inc in the last five years, the company generally showed improved efficiency in managing its working capital from 2020 to 2022, followed by a decline in efficiency in the subsequent years.
Peer comparison
Dec 31, 2024