Leidos Holdings Inc (LDOS)

Total asset 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
Total assets	US$ in thousands	12,695,000	12,757,000	13,026,000	13,132,000	13,071,000	13,099,000	12,887,000	13,030,000	13,261,000	13,281,000	13,035,000	12,638,000	12,511,000	12,285,000	12,143,000	10,988,000	9,367,000	9,410,000	9,327,000	9,360,000
Total asset turnover		1.22	1.19	1.14	1.11	1.10	1.08	1.09	1.07	1.04	1.02	1.02	1.01	0.98	0.98	0.95	1.04	1.18	1.15	1.13	1.10

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $15,438,000K ÷ $12,695,000K
= 1.22

Total asset turnover measures a company's ability to generate sales revenue from its assets. Leidos Holdings Inc has shown a fluctuating trend in its total asset turnover over the past few quarters. The ratio has generally been increasing since March 2020, reaching a peak of 1.22 in December 2023.

A total asset turnover ratio above 1 indicates that Leidos is generating more in sales compared to its total assets, which is generally a positive sign. This increase in efficiency could be attributed to improved operational management or more effective utilization of assets.

It is important to note that a high total asset turnover ratio must be interpreted alongside other financial metrics to get a comprehensive understanding of the company's performance. Further analysis is required to assess the sustainability and underlying reasons behind these trends in total asset turnover for Leidos Holdings Inc.