Lockheed Martin Corporation (LMT)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 71,043,000 | 67,571,000 | 65,984,000 | 67,044,000 | 65,398,000 |
| Property, plant and equipment | US$ in thousands | — | — | 7,975,000 | 7,597,000 | 7,213,000 |
| Fixed asset turnover | — | — | 8.27 | 8.83 | 9.07 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $71,043,000K ÷ $—K
= —
Lockheed Martin Corporation's fixed asset turnover ratio has shown a gradual decline over the past few years. In 2020, the ratio was 9.07, indicating that the company generated $9.07 in sales for every dollar invested in fixed assets. By the end of 2021, the ratio decreased to 8.83, and further decreased to 8.27 by the end of 2022.
However, there is missing data for the fixed asset turnover ratio for both 2023 and 2024, denoted by "—". Without this information, it is challenging to assess the trend accurately. Generally, a decreasing fixed asset turnover ratio may suggest that Lockheed Martin is becoming less efficient in utilizing its fixed assets to generate sales.
Further analysis would be required to understand the factors contributing to this trend and whether management is actively addressing any potential issues related to asset utilization efficiency.