Landstar System Inc (LSTR)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	344,149	393,916	447,066	509,534	571,083	595,489	593,403	565,233	505,668	441,340	392,280	302,213	252,950	235,057	223,343	272,013	298,904	318,473	334,903	337,478
Total assets	US$ in thousands	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	1,427,710	1,385,730	1,348,690	1,350,940
Operating ROA		19.10%	21.26%	24.33%	27.72%	29.56%	29.95%	29.42%	27.63%	24.72%	23.06%	23.03%	19.19%	15.30%	16.88%	17.56%	22.00%	20.94%	22.98%	24.83%	24.98%

December 31, 2023 calculation

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

Landstar System Inc's operating return on assets (operating ROA) has exhibited a generally positive trend over the past five years. The operating ROA has ranged from a low of 15.30% in December 2020 to a high of 29.95% in September 2022. The most recent operating ROA as of December 2023 stands at 19.10%.

The company's operating ROA appears to have peaked in September 2022 and has since experienced a slight decline. This indicates that the company may be experiencing some challenges in generating profits from its assets compared to the previous period.

Overall, Landstar System Inc's operating ROA levels are relatively strong, reflecting the company's ability to generate profits from its operational assets. However, management should continue to monitor and improve efficiency to ensure sustainable profitability and operational performance in the future.