Landstar System Inc (LSTR)

Return on assets (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
Net income (ttm)	US$ in thousands	264,394	299,709	338,274	384,270	430,914	450,927	449,384	429,123	381,524	333,280	296,491	228,451	192,106	177,083	168,452	205,298	227,720	245,928	259,658	261,081
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
ROA		14.67%	16.18%	18.41%	20.91%	22.31%	22.68%	22.28%	20.98%	18.65%	17.41%	17.41%	14.51%	11.62%	12.72%	13.24%	16.60%	15.95%	17.75%	19.25%	19.33%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $264,394K ÷ $1,801,850K
= 14.67%

Landstar System Inc has shown a fluctuating pattern in its return on assets (ROA) over the past few quarters. The ROA has generally been on an upward trend from the end of 2019 until the first quarter of 2023, peaking at 22.31% in March 2023. However, there was a slight decline in the following quarter, with the ROA dropping to 20.91%.

The company's ROA performance demonstrates that management has effectively utilized its assets to generate profits during this period. The ROA percentages ranging from 14.51% to 22.31% indicate that Landstar System Inc has been efficient in generating profits relative to its total assets. It's noteworthy that the ROA has consistently been above 10%, indicating a healthy level of profitability.

Overall, the trend in Landstar System Inc's ROA suggests that the company has been able to maintain a strong performance in terms of generating profits from its assets, despite some minor fluctuations in recent quarters.