Leidos Holdings Inc (LDOS)
Receivables turnover
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 16,510,000 | 16,066,000 | 15,714,000 | 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 |
| Receivables | US$ in thousands | 2,645,000 | 2,706,000 | 2,713,000 | 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 |
| Receivables turnover | 6.24 | 5.94 | 5.79 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $16,510,000K ÷ $2,645,000K
= 6.24
The receivables turnover of Leidos Holdings Inc has shown some fluctuations over the period from December 31, 2019, to December 31, 2024. It averaged around 6.00, indicating that, on average, the company collected its outstanding accounts receivables approximately six times during the year.
The ratio dipped to 5.75 by March 31, 2021, signaling a slight decrease in the efficiency of collecting receivables. This was followed by a gradual increase to 6.28 by December 31, 2021, suggesting improvement in receivables management.
However, the trend reversed as the turnover ratio dropped to 5.75 by March 31, 2022. This decline continued until June 30, 2023, reaching a low of 5.80, indicating a slower collection of receivables during these periods.
There was a rebound in the receivables turnover from September 30, 2023, to December 31, 2024, where the ratio increased to 6.24. This uptick suggests improved efficiency in collecting outstanding receivables during the most recent periods.
Overall, the company's management of accounts receivables has witnessed fluctuations, indicating the need for continuous monitoring and improvement in collection processes.
Peer comparison
Dec 31, 2024