Landstar System (STU:LDS) Change In Receivables : €161 Mil (TTM As of Mar. 2024)

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What is Landstar System Change In Receivables?

Landstar System's change in receivables for the quarter that ended in Mar. 2024 was €17 Mil. It means Landstar System's Accounts Receivable declined by €17 Mil from Dec. 2023 to Mar. 2024 .

Landstar System's change in receivables for the fiscal year that ended in Dec. 2023 was €204 Mil. It means Landstar System's Accounts Receivable declined by €204 Mil from Dec. 2022 to Dec. 2023 .

Landstar System's Accounts Receivable for the quarter that ended in Mar. 2024 was €666 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 Mar. 2024 was 56.40.

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 Mar. 2024 was €318 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.

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Landstar System Change In Receivables Chart

Landstar System Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Receivables

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73.27

-234.41

-320.58

206.92

204.40

Landstar System Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															63.30	33.29	39.18	70.83	17.36

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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €161 Mil.

Landstar System (STU:LDS) 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 Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	665.934	/	1077.36	*	91
=	56.40

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 Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	488.016	-	669.696	+	0.75 * 665.934	+	0.5 * 0
=	318

Landstar System Change In Receivables Related Terms

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Landstar System (STU:LDS) Business Description

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

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LSTR:USA

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.

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