Leidos Holdings Inc (LDOS)
Total asset 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 |
| Total assets | US$ in thousands | 13,104,000 | 12,695,000 | 13,071,000 | 13,261,000 | 12,511,000 |
| Total asset turnover | 1.27 | 1.22 | 1.10 | 1.04 | 0.98 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $16,662,000K ÷ $13,104,000K
= 1.27
The total asset turnover ratio for Leidos Holdings Inc has been steadily increasing over the past five years, indicating an improvement in the company's efficiency in generating revenue from its assets. The ratio has gone from 0.98 in December 31, 2020, to 1.27 in December 31, 2024. This suggests that the company has become more effective in utilizing its assets to generate sales over time. A higher total asset turnover ratio is generally a positive sign as it indicates that the company is able to generate more sales with fewer assets, which can lead to increased profitability and overall financial health.
Peer comparison
Dec 31, 2024