Lockheed Martin Corporation (LMT)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 59,092,000 | 59,202,000 | 58,835,000 | 57,722,000 | 57,697,000 | 56,315,000 | 55,578,000 | 56,966,000 | 57,983,000 | 57,494,000 | 58,127,000 | 57,256,000 | 56,744,000 | 55,681,000 | 54,430,000 | 52,857,000 | 51,445,000 | 50,159,000 | 49,448,000 | 48,659,000 |
| Payables | US$ in thousands | 2,312,000 | 3,817,000 | 3,466,000 | 3,271,000 | 2,117,000 | 2,622,000 | 2,309,000 | 2,599,000 | 780,000 | 1,520,000 | 1,608,000 | 1,889,000 | 880,000 | 1,491,000 | 1,453,000 | 3,166,000 | 1,281,000 | 2,904,000 | 2,611,000 | 3,097,000 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $59,092,000K ÷ $2,312,000K
= 25.56
The payables turnover ratio for Lockheed Martin Corp. has fluctuated over the past eight quarters, indicating changes in its ability to efficiently manage its accounts payable.
The ratio peaked at 27.21 in December 2022, indicating that the company was able to efficiently turnover its payables during that period. However, it decreased to 15.48 in September 2023, reflecting a decrease in the company's ability to efficiently manage its payables during that quarter.
Overall, the trend in the payables turnover ratio suggests some variability in Lockheed Martin Corp.'s ability to manage its payables efficiently. This could be indicative of changes in the company's payment policies, supplier relationships, or inventory management. Further analysis of the underlying factors driving these changes is necessary to gain a deeper understanding of the company's payables management.
See also:
Lockheed Martin Corporation Payables Turnover (Quarterly Data)