Leidos Holdings Inc (LDOS)
Payables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 13,194,000 | 12,985,000 | 12,746,000 | 12,534,000 | 12,312,000 | 12,119,000 | 11,966,000 | 11,857,000 | 11,723,000 | 11,501,000 | 11,333,000 | 10,914,000 | 10,560,000 | 10,326,000 | 10,002,000 | 9,819,000 | 9,546,000 | 9,297,000 | 9,021,000 | 8,825,000 |
| Payables | US$ in thousands | 736,000 | — | — | — | 733,000 | — | — | — | 692,000 | — | — | — | 731,000 | — | — | — | 592,000 | — | — | — |
| Payables turnover | 17.93 | — | — | — | 16.80 | — | — | — | 16.94 | — | — | — | 14.45 | — | — | — | 16.12 | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $13,194,000K ÷ $736,000K
= 17.93
Leidos Holdings Inc's payables turnover ratio has shown a positive trend over the past few periods, standing at 17.93 for the period ending December 31, 2023, which indicates that the company is paying its suppliers almost 18 times per year. This represents an improvement compared to the previous available data points, such as 16.80 for December 31, 2022, and 14.45 for March 31, 2021. The increasing trend in the payables turnover ratio suggests that Leidos Holdings Inc is managing its trade payables more efficiently, perhaps negotiating better credit terms or improving working capital management. It is essential to monitor this ratio over time to assess the company's liquidity and supplier relationships effectively.
Peer comparison
Dec 31, 2023