For the quarter ending June 30 2023, LANDSTAR SYSTEM ($NASDAQ:LSTR) reported total revenue of USD 1373.9 million, a decrease of 30.4% from the corresponding period in 2023. Net income for the period was USD 66.6 million, a decline of 40.9% from FY2023 Q2.
GoodWhale conducted an analysis on the wellbeing of LANDSTAR SYSTEM and identified it as a ‘rhino’ type of company with moderate revenue or earnings growth. This type of company is interesting for those looking for a steady and reliable investment with moderate returns. LANDSTAR SYSTEM has a very high health score of 10/10, indicating that it is capable to pay off debt and fund future operations. Additionally, LANDSTAR SYSTEM is strong in terms of asset, dividend, and profitability, while has medium levels of growth. This suggest that the company’s overall financial position is good, making it an attractive option for investors looking for reliable and steady returns. More…
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About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Landstar System. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Landstar System. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Landstar System. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Landstar System are shown below. More…
Income Statement Ratios
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The company offers a full range of services including truckload, less-than-truckload, intermodal, airfreight, ocean freight, and logistics management services. Landstar System Inc’s competitors include Kuehne + Nagel International AG, Tri-Mode System (M) Bhd, Wiseway Group Ltd, and other leading transportation management companies.
– Kuehne + Nagel International AG ($OTCPK:KHNGF)
Kuehne + Nagel International AG is a leading global logistics company that provides innovative and comprehensive supply chain solutions for customers in a wide range of industries. The company’s market cap is 28.7B as of 2022 and its ROE is 76.87%. Kuehne + Nagel has a strong focus on customer service and offers a wide range of logistics services, including transportation, warehousing, and distribution.
– Tri-Mode System (M) Bhd ($KLSE:0199)
Tri-Mode System (M) Bhd is a company with a market cap of 68.06M as of 2022. The company has a ROE of 11.4%. Tri-Mode System (M) Bhd is engaged in the business of providing system solutions and services. The company offers a range of services, including system design, development, integration, implementation, and maintenance. Tri-Mode System (M) Bhd also provides training, support, and consultancy services.
– Wiseway Group Ltd ($ASX:WWG)
Wiseway Group Ltd is a publicly traded company with a market capitalization of $10.87 million as of 2022. The company has a return on equity of -17.59%. Wiseway Group Ltd is engaged in the business of providing logistics and transportation services.
Net income for the period also decreased by 40.9%, showing a decrease in profitability. Moreover, analysts should pay attention to the company’s prospects, financials, and competitive landscape to make an informed investment decision. Landstar System may be an attractive investment for those seeking capital appreciation, but investors should be aware of any possible risks and should do their own research before investing.