Landstar System (Landstar System) Change In Receivables

: $223 Mil (TTM As of Dec. 2023)

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Landstar System's change in receivables for the quarter that ended in Dec. 2023 was $77 Mil. It means Landstar System's Accounts Receivable declined by $77 Mil from Sep. 2023 to Dec. 2023 .

Landstar System's change in receivables for the fiscal year that ended in Dec. 2023 was $223 Mil. It means Landstar System's Accounts Receivable declined by $223 Mil from Dec. 2022 to Dec. 2023 .

Landstar System's Accounts Receivable for the quarter that ended in Dec. 2023 was $744 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Landstar System's Days Sales Outstanding for the three months ended in Dec. 2023 was 56.35.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Landstar System's liquidation value for the three months ended in Dec. 2023 was $281 Mil.

Landstar System Change In Receivables Historical Data

The historical data trend for Landstar System's Change In Receivables 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

81.42

-285.17

-362.23

219.19

222.90

Landstar System Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Receivables																193.02	67.78	36.07	41.81	77.24

Landstar System Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $223 Mil.

Landstar System (NAS:LSTR) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	743.762	/	1204.445	*	91
=	56.35

2. In Ben Graham's calculation of liquidation value, Landstar System's accounts receivable are only considered to be worth 75% of book value:

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	540.704	-	817.923	+	0.75 * 743.762	+	0.5 * 0
=	281

Landstar System Change In Receivables Related Terms

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Landstar System (Landstar System) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Landstar System Inc (NAS:LSTR) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

LDS:Germany LDS:Germany

Address

13410 Sutton Park Drive South, Jacksonville, FL, USA, 32224

Website

https://www.landstar.com

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