Leidos Holdings Inc (LDOS)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 621,000 | 525,000 | 1,142,000 | 1,082,000 | 1,088,000 | 1,093,000 | 1,117,000 | 1,115,000 | 1,152,000 | 1,181,000 | 1,134,000 | 1,114,000 | 998,000 | 960,000 | 951,000 | 912,000 | 912,000 | 839,000 | 793,000 | 782,000 |
| 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 |
| Operating ROA | 4.89% | 4.12% | 8.77% | 8.24% | 8.32% | 8.34% | 8.67% | 8.56% | 8.69% | 8.89% | 8.70% | 8.81% | 7.98% | 7.81% | 7.83% | 8.30% | 9.74% | 8.92% | 8.50% | 8.35% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $621,000K ÷ $12,695,000K
= 4.89%
Leidos Holdings Inc's operating return on assets (ROA) has shown some fluctuations over the past several quarters. The operating ROA ranged from a low of 4.12% in September 2023 to a high of 9.74% in December 2019. It peaked at 8.89% in September 2021 before experiencing a slight decline in the subsequent quarters.
Overall, the operating ROA for Leidos Holdings Inc has been relatively stable, with most values clustering around the range of 8% to 9%. This indicates that the company has been effectively utilizing its assets to generate operating income, with fluctuations potentially reflecting changes in operational efficiency or financial performance.
It would be beneficial for stakeholders to further investigate the factors contributing to the variations in operating ROA to assess the company's asset management effectiveness and operational performance in more detail.
Peer comparison
Dec 31, 2023