Landstar System Inc (LSTR)
Working capital 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 current assets | US$ in thousands | 1,319,870 | 1,311,390 | 1,315,180 | 1,310,370 | 1,352,740 | 1,395,540 | 1,373,690 | 1,353,890 | 1,439,390 | 1,484,850 | 1,505,270 | 1,538,500 | 1,522,900 | 1,412,130 | 1,233,270 | 1,137,320 | 1,208,180 | 964,069 | 840,352 | 816,156 |
Total current liabilities | US$ in thousands | 673,154 | 592,652 | 605,718 | 589,672 | 675,224 | 670,065 | 692,826 | 741,344 | 878,135 | 941,518 | 977,891 | 950,252 | 1,009,980 | 847,312 | 720,215 | 662,665 | 806,137 | 543,550 | 473,460 | 464,831 |
Working capital turnover | 7.45 | 6.70 | 6.89 | 6.99 | 7.83 | 7.96 | 9.25 | 11.27 | 13.25 | 14.18 | 14.46 | 12.27 | 12.75 | 10.43 | 10.21 | 9.47 | 10.28 | 9.11 | 10.24 | 11.33 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $4,819,240K ÷ ($1,319,870K – $673,154K)
= 7.45
Landstar System Inc's working capital turnover has shown fluctuations over the years based on the provided data. The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales revenue.
From March 31, 2020, to June 30, 2020, the ratio decreased from 11.33 to 10.24, indicating a decrease in the efficiency of utilizing working capital to generate revenue. However, there was a slight improvement by December 31, 2020, where the ratio increased to 10.28 before dropping to 9.47 by March 31, 2021.
From June 30, 2021, to June 30, 2022, Landstar System Inc showed a consistent improvement in its working capital turnover, reaching a peak of 14.46. This significant increase points to the company effectively using its working capital to generate sales during this period.
However, the ratio started declining after June 30, 2022, reaching 6.70 by September 30, 2024. This downward trend could indicate potential issues in managing working capital efficiently or changes in the company's sales operations.
Overall, Landstar System Inc's working capital turnover ratio has displayed variability over the years, with periods of both improvement and decline. Analyzing this ratio over time can provide insights into how effectively the company is managing its working capital in relation to its revenue generation.
Peer comparison
Dec 31, 2024