Leidos Holdings Inc (LDOS)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 16,662,000 | 15,438,000 | 14,396,000 | 13,737,000 | 12,297,000 |
| Property, plant and equipment | US$ in thousands | 922,000 | 872,000 | 804,000 | 670,000 | 604,000 |
| Fixed asset turnover | 18.07 | 17.70 | 17.91 | 20.50 | 20.36 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $16,662,000K ÷ $922,000K
= 18.07
The fixed asset turnover ratio for Leidos Holdings Inc has been relatively stable over the years, ranging from 17.70 to 20.50. This ratio indicates the company's efficiency in generating sales revenue from its investment in fixed assets.
The high values of fixed asset turnover, above 15, suggest that Leidos is effectively utilizing its fixed assets to generate revenue. The slight fluctuations in the ratio over the years could be due to changes in sales volume, asset utilization, or asset values.
Overall, Leidos Holdings Inc's consistent high fixed asset turnover ratio reflects a strong operational efficiency and effective management of its fixed assets. It shows that the company is able to generate significant sales revenue relative to its investment in fixed assets, which is a positive indicator of financial performance.
Peer comparison
Dec 31, 2024