Landstar System Inc (LSTR)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	344,149	571,083	505,668	252,950	298,904
Total assets	US$ in thousands	1,801,850	1,931,880	2,045,460	1,653,800	1,427,710
Operating ROA		19.10%	29.56%	24.72%	15.30%	20.94%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $344,149K ÷ $1,801,850K
= 19.10%

Operating ROA is a key ratio that measures a company's operating income generated from its assets. Landstar System Inc's operating ROA has fluctuated over the past five years, ranging from a low of 15.30% in 2020 to a high of 29.56% in 2022.

The trend shows that Landstar System Inc's ability to generate operating income from its assets improved significantly in 2022 compared to 2021, but then declined in 2023. This could signal changes in the company's operating efficiency or asset utilization during these periods.

Overall, Landstar System Inc's operating ROA has exhibited variability over the years, indicating that the company's management of operating assets may have been impacted by changing market conditions or internal factors. Investors and stakeholders may want to further investigate the reasons behind these fluctuations to assess the company's operational performance and sustainability.