Landstar System's Total Assets for the quarter that ended in Dec. 2023 was $1,802 Mil.
During the past 12 months, Landstar System's average Total Assets Growth Rate was -18.00% per year.
During the past 3 years, the average Total Assets Growth Rate was -2.60% per year.
During the past 5 years, the average Total Assets Growth Rate was 5.40% per year.
During the past 10 years, the average Total Assets Growth Rate was 7.80% per year.
During the past 13 years, Landstar System's highest 3-Year average Total Assets Growth Rate was 29.20%. The lowest was -8.90%. And the median was 7.00%.
Total Assets is connected with ROA %. Landstar System's annualizedROA % for the quarter that ended in Dec. 2023 was 12.69%. Total Assets is also linked to Revenue through Asset Turnover. Landstar System's Asset Turnover for the quarter that ended in Dec. 2023 was 0.66.
Landstar System Total Assets Historical Data
The historical data trend for Landstar System's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Landstar System's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (NAS:LSTR) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Landstar System's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Landstar System Total Assets Related Terms
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Landstar System (Landstar System) Business Description
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.
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