Lockheed Martin Corporation (LMT)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 64,113,000 | 59,092,000 | 57,697,000 | 57,983,000 | 56,744,000 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $64,113,000K ÷ $—K
= —
Based on the provided data, Lockheed Martin Corporation's payables turnover ratio is not available for the years 2020, 2021, 2022, 2023, and 2024. The payables turnover ratio is a measure of how efficiently a company manages its accounts payable by comparing the amount of purchases made on credit to the average accounts payable during a specific period.
Without specific values for the payables turnover ratio, it is challenging to assess Lockheed Martin's ability to pay off its outstanding obligations to suppliers in a timely manner. A higher payables turnover ratio generally indicates that the company is efficiently managing its payables, while a lower ratio may signal inefficiencies or strategic payment practices.
It would be beneficial to have the actual values for the payables turnover ratio to further analyze Lockheed Martin Corporation's financial performance and liquidity management in relation to its accounts payable obligations.