Lockheed Martin Corporation (LMT)
Total 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 |
| Total assets | US$ in thousands | 55,617,000 | 52,456,000 | 52,880,000 | 50,873,000 | 50,710,000 |
| Total asset turnover | 1.28 | 1.29 | 1.25 | 1.32 | 1.29 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $71,043,000K ÷ $55,617,000K
= 1.28
Lockheed Martin Corporation's total asset turnover has shown a relatively stable performance over the five-year period from December 31, 2020, to December 31, 2024. The ratio indicates how efficiently the company is utilizing its assets to generate revenue. Despite some fluctuations, the company has managed to maintain an average total asset turnover ratio of approximately 1.29 during this period. This suggests that for each dollar of assets the company has, it generates around $1.29 of revenue.
Overall, the trend indicates that Lockheed Martin Corporation has been able to effectively use its assets to support its revenue generation activities, showcasing a consistent level of efficiency in utilizing its resources for business operations.