Lockheed Martin Corporation (LMT)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 25.56 | 15.51 | 16.97 | 17.65 | 27.25 | 21.48 | 24.07 | 21.92 | 74.34 | 37.82 | 36.15 | 30.31 | 64.48 | 37.34 | 37.46 | 16.70 | 40.16 | 17.27 | 18.94 | 15.71 | |
| Number of days of payables | days | 14.28 | 23.53 | 21.50 | 20.68 | 13.39 | 16.99 | 15.16 | 16.65 | 4.91 | 9.65 | 10.10 | 12.04 | 5.66 | 9.77 | 9.74 | 21.86 | 9.09 | 21.13 | 19.27 | 23.23 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 25.56
= 14.28
To analyze Lockheed Martin Corp.'s number of days of payables, we can observe the trend over the past eight quarters. The number of days of payables represents the average number of days it takes for the company to pay its trade payables.
Looking at the data, we can see that there has been some variability in the number of days of payables over the quarters. In the most recent quarter, the number of days of payables was 14.30 days, which is lower than the previous quarter and also lower than the same quarter a year ago. This indicates that the company has been able to pay its trade payables more efficiently in the recent quarter.
Overall, there seems to be a fluctuating trend in the number of days of payables, with some quarters showing longer periods and others showing shorter periods. It is important to further analyze the underlying reasons for these fluctuations to understand the company's cash management and creditor payment policies.
See also:
Lockheed Martin Corporation Average Payables Payment Period (Quarterly Data)