Landstar System Inc (LSTR)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 344,149 | 571,083 | 505,668 | 252,950 | 298,904 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 983,923 | 887,221 | 862,010 | 691,835 | 721,469 |
| Return on total capital | 34.98% | 64.37% | 58.66% | 36.56% | 41.43% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $344,149K ÷ ($—K + $983,923K)
= 34.98%
Landstar System Inc's return on total capital has shown variability over the past five years. The return on total capital was approximately 35% at the end of 2023, a decrease from 64.37% in 2022 and 58.66% in 2021. This decrease may indicate a change in the company's efficiency in generating profits relative to its total capital employed. However, it is worth noting that the return on total capital in 2023 is still higher than in 2020 and 2019, which were 36.56% and 41.43% respectively. Overall, Landstar System Inc's return on total capital has fluctuated, suggesting potential shifts in the company's capital utilization and profitability performance.
Peer comparison
Dec 31, 2023