Landstar System (Landstar System) COGS-to-Revenue

: 0.86 (As of Dec. 2023)

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Landstar System's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,040 Mil. Its Revenue for the three months ended in Dec. 2023 was $1,204 Mil.

Landstar System's COGS to Revenue for the three months ended in Dec. 2023 was 0.86.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Landstar System's Gross Margin % for the three months ended in Dec. 2023 was 13.66%.

Landstar System COGS-to-Revenue Historical Data

The historical data trend for Landstar System's COGS-to-Revenue 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.

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Landstar System Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.86

0.87

Landstar System Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue																0.87	0.87	0.87	0.87	0.86

Landstar System COGS-to-Revenue Calculation

Landstar System's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4589.083	/	5303.322
	=	0.87

Landstar System's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1039.954	/	1204.445
	=	0.86

Landstar System (NAS:LSTR) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Landstar System's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	1039.954 / 1204.445
	=	13.66 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Landstar System COGS-to-Revenue 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 » COGS-to-Revenue

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