Landstar System Inc (LSTR)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 195,946 | 264,394 | 430,914 | 381,524 | 192,106 |
| Total assets | US$ in thousands | 1,813,310 | 1,801,850 | 1,931,880 | 2,045,460 | 1,653,800 |
| ROA | 10.81% | 14.67% | 22.31% | 18.65% | 11.62% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $195,946K ÷ $1,813,310K
= 10.81%
Landstar System Inc has shown consistent improvement in its Return on Assets (ROA) over the years, reflecting its efficiency in utilizing its assets to generate profits. The ROA increased from 11.62% in December 31, 2020, to 18.65% in December 31, 2021, indicating a significant enhancement in asset efficiency.
Furthermore, the ROA continued to rise to 22.31% by December 31, 2022, demonstrating an even stronger performance in utilizing its assets effectively. However, there was a slight dip in ROA to 14.67% by December 31, 2023, which may suggest a temporary decrease in asset efficiency or changes in the business environment.
By December 31, 2024, the ROA decreased further to 10.81%, indicating a potential decline in asset utilization efficiency compared to the previous years. It would be essential for Landstar System Inc to assess the factors contributing to this decrease and take appropriate measures to optimize asset performance in the future.
Peer comparison
Dec 31, 2024