Landstar System Inc (LSTR)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	3,773,368	4,236,868	4,758,988	5,352,148	7,032,000	7,296,830	7,213,480	6,826,060	6,161,220	5,542,750	4,923,110	4,191,883	3,829,140	3,603,369	3,539,537	3,766,847	3,886,493	4,073,964	4,250,006	4,375,063
Revenue (ttm)	US$ in thousands	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	4,084,579	4,272,050	4,462,470	4,600,220
Gross profit margin		71.15%	73.38%	75.53%	77.55%	94.56%	94.68%	94.60%	94.54%	94.24%	94.12%	93.95%	93.30%	92.65%	94.05%	94.20%	94.66%	95.15%	95.36%	95.24%	95.11%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,773,368K ÷ $5,303,320K
= 71.15%

Landstar System Inc's gross profit margin has exhibited some fluctuations over the past several quarters. The gross profit margin started at a high of 95.15% in March 2019 but gradually decreased to 71.15% by December 2023. However, it is essential to note that the gross profit margin has generally remained above 90% during this period, indicating a strong ability to generate profits from sales after accounting for the cost of goods sold. The fluctuations may be attributed to various factors such as changes in pricing strategies, input costs, or changes in sales mix. It is important for stakeholders to closely monitor these fluctuations and understand the underlying reasons to assess the company's operational efficiency and profitability.