Leidos Holdings Inc (LDOS)

Receivables 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
Revenue (ttm)	US$ in thousands	15,438,000	15,155,000	14,842,000	14,601,000	14,396,000	14,190,000	14,065,000	13,916,000	13,737,000	13,498,000	13,257,000	12,723,000	12,297,000	11,999,000	11,592,000	11,406,000	11,094,000	10,787,000	10,527,000	10,293,000
Receivables	US$ in thousands	2,429,000	2,452,000	2,478,000	2,518,000	2,350,000	2,284,000	2,423,000	2,419,000	2,189,000	2,288,000	2,271,000	2,160,000	2,137,000	1,872,000	1,789,000	1,793,000	1,734,000	1,775,000	1,842,000	1,894,000
Receivables turnover		6.36	6.18	5.99	5.80	6.13	6.21	5.80	5.75	6.28	5.90	5.84	5.89	5.75	6.41	6.48	6.36	6.40	6.08	5.71	5.43

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $15,438,000K ÷ $2,429,000K
= 6.36

The receivables turnover ratio for Leidos Holdings Inc has shown a fluctuating trend over the past few quarters, ranging from 5.43 to 6.48. The ratio measures how efficiently the company is able to collect payments from its customers. A higher turnover ratio indicates that the company is collecting its accounts receivables more quickly.

In general, Leidos Holdings Inc has been relatively consistent in collecting payments from its customers, with a range of 5.75 to 6.41 over the past few years. This suggests that the company has been managing its accounts receivables effectively. It is important for the company to continue monitoring and managing its receivables turnover to ensure optimal cash flow and liquidity.

Overall, the analysis of Leidos Holdings Inc's receivables turnover ratio indicates a stable performance in collecting payments from customers, which is a positive sign for the company's financial health.