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Landstar System (Landstar System) Days Payable : 37.76 (As of Dec. 2023)


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What is Landstar System Days Payable?

Landstar System's average Accounts Payable for the three months ended in Dec. 2023 was $430 Mil. Landstar System's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,040 Mil. Hence, Landstar System's Days Payable for the three months ended in Dec. 2023 was 37.76.

The historical rank and industry rank for Landstar System's Days Payable or its related term are showing as below:

LSTR' s Days Payable Range Over the Past 10 Years
Min: 25.17   Med: 30.11   Max: 37.49
Current: 37.49

During the past 13 years, Landstar System's highest Days Payable was 37.49. The lowest was 25.17. And the median was 30.11.

LSTR's Days Payable is ranked worse than
52.42% of 931 companies
in the Transportation industry
Industry Median: 39.47 vs LSTR: 37.49

Landstar System's Days Payable increased from Dec. 2022 (36.72) to Dec. 2023 (37.76). It may suggest that Landstar System delayed paying its suppliers.


Landstar System Days Payable Historical Data

The historical data trend for Landstar System's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Landstar System Days Payable Chart

Landstar System Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.44 33.27 31.68 31.89 36.72

Landstar System Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 36.72 37.38 37.13 38.56 37.76

Competitive Comparison of Landstar System's Days Payable

For the Integrated Freight & Logistics subindustry, Landstar System's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Landstar System's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Landstar System's Days Payable distribution charts can be found below:

* The bar in red indicates where Landstar System's Days Payable falls into.



Landstar System Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Landstar System's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

Days Payable (A: Dec. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2022 ) + Accounts Payable (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (527.372 + 395.98) / 2 ) / 4589.083*365
=461.676 / 4589.083*365
=36.72

Landstar System's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

Days Payable (Q: Dec. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (464.72 + 395.98) / 2 ) / 1039.954*365 / 4
=430.35 / 1039.954*365 / 4
=37.76

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Landstar System Days Payable Related Terms

Thank you for viewing the detailed overview of Landstar System's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.


Landstar System (Landstar System) Business Description

Traded in Other Exchanges
Address
13410 Sutton Park Drive South, Jacksonville, FL, USA, 32224
Landstar System is an agent based asset-light third-party logistics provider focused on domestic truck brokerage (90% of revenue). Historically, roughly half of its truck transportation freight is hauled by leased owner-operators with the remainder hauled by third-party broker-carriers. To a smaller degree, it offers intermodal, global air and ocean forwarding, and warehousing services. Landstar also runs a small business that offers insurance programs to captive owner-operators. It has a long history of industry-leading execution and operating profitability.
Executives
Joseph J Beacom officer: VP, Chief Safety Officer 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
James B Gattoni officer: Vice President - Controller 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Ricardo S Coro officer: Vice President - CIO 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Michael K Kneller officer: VP General Counsel & Secy 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Aimee M Cooper officer: VP & CAO 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
James P Todd officer: VP and CFO 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Teresa L White director 1932 WYNNTON RD, COLUMBUS GA 31999
James L Liang director C/O LENCO MOBILE INC., 345 CHAPALA STREET, SANTA BARBARA CA 93101
Federico L Pensotti officer: VP and CFO 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
L Kevin Stout officer: VP, CFO and Asst Secretary 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Dr. Homaira Akbari director 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Larry J Thoele director 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224
Diana M Murphy director C/O LANDSTAR SYSTEM INC, 13410 SUTTON PARK DR S, JACKSONVILLE FL 32224
Anthony J Orlando director TWO NORTH RIVERSIDE PLAZA, STE 600, CHICAGO IL 60606
Robert S Brasher officer: VP & Chief Commercial Officer 13410 SUTTON PARK DRIVE SOUTH, JACKSONVILLE FL 32224