Leidos Holdings Inc (LDOS)
Receivables 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 |
| Receivables | US$ in thousands | 2,645,000 | 2,429,000 | 2,350,000 | 2,189,000 | 2,137,000 |
| Receivables turnover | 6.30 | 6.36 | 6.13 | 6.28 | 5.75 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $16,662,000K ÷ $2,645,000K
= 6.30
The receivables turnover ratio for Leidos Holdings Inc has shown consistent improvement over the past five years. It increased from 5.75 in December 2020 to 6.30 in December 2024. This indicates that the company is collecting its accounts receivables more efficiently each year. A higher receivables turnover ratio suggests that Leidos is able to convert its accounts receivables into cash more quickly, which is a positive sign of strong liquidity and effective credit management. Overall, the trend in the receivables turnover ratio for Leidos demonstrates the company's effectiveness in managing its receivables and converting them into cash.
Peer comparison
Dec 31, 2024