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.
Peer comparison
Dec 31, 2023