Leidos Holdings Inc (LDOS)
Working capital 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 current assets | US$ in thousands | 4,428,000 | 4,005,000 | 3,643,000 | 3,619,000 | 3,339,000 |
| Total current liabilities | US$ in thousands | 3,654,000 | 2,990,000 | 3,947,000 | 3,229,000 | 2,907,000 |
| Working capital turnover | 21.53 | 15.21 | — | 35.22 | 28.47 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $16,662,000K ÷ ($4,428,000K – $3,654,000K)
= 21.53
The working capital turnover ratio for Leidos Holdings Inc has shown varying trends over the past years. In 2020, the ratio was 28.47, indicating that the company generated $28.47 in revenue for every dollar of working capital invested. This ratio improved significantly in 2021 to 35.22, suggesting that the company was more efficient in utilizing its working capital to generate revenue.
However, the data for 2022 is not available (denoted by "—"), making it challenging to assess the trend for that year. Subsequently, in 2023, the working capital turnover decreased to 15.21, implying that the company's efficiency in utilizing its working capital to generate revenue reduced during that period.
By 2024, the ratio improved to 21.53, indicating a partial recovery from the decline in 2023 but still below the peak seen in 2021. Overall, the fluctuating trend in the working capital turnover ratio for Leidos Holdings Inc suggests some level of volatility in the company's efficiency in leveraging its working capital to generate revenue over the years analyzed.
Peer comparison
Dec 31, 2024