Leidos Holdings Inc (LDOS)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 15,438,000 | 14,396,000 | 13,737,000 | 12,297,000 | 11,094,000 |
| Total assets | US$ in thousands | 12,695,000 | 13,071,000 | 13,261,000 | 12,511,000 | 9,367,000 |
| Total asset turnover | 1.22 | 1.10 | 1.04 | 0.98 | 1.18 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $15,438,000K ÷ $12,695,000K
= 1.22
The total asset turnover of Leidos Holdings Inc has shown a fluctuating trend over the past five years. The ratio increased from 0.98 in 2020 to 1.22 in 2023, indicating that the company generated $1.22 in revenue for every $1 of assets it held in 2023. The improvement in total asset turnover suggests that Leidos Holdings Inc has been more efficient in utilizing its assets to generate revenue. However, it is important to note that there was a dip in total asset turnover in 2022 compared to the previous and subsequent years.
Overall, the increasing trend in total asset turnover indicates that the company has been effectively managing its assets to drive revenue growth. This metric is crucial in evaluating the efficiency of a company's asset utilization and can signal operational effectiveness and competitiveness in the market.
Peer comparison
Dec 31, 2023