Lockheed Martin Corporation (LMT)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 71,043,000 | 71,295,000 | 71,069,000 | 69,640,000 | 67,571,000 | 67,688,000 | 67,393,000 | 66,146,000 | 65,984,000 | 64,722,000 | 64,167,000 | 65,750,000 | 67,044,000 | 66,347,000 | 66,814,000 | 66,005,000 | 65,398,000 | 64,244,000 | 62,920,000 | 61,127,000 |
| Total assets | US$ in thousands | 55,617,000 | 55,520,000 | 55,076,000 | 54,963,000 | 52,456,000 | 56,666,000 | 56,978,000 | 54,622,000 | 52,880,000 | 52,030,000 | 51,758,000 | 51,510,000 | 50,873,000 | 51,843,000 | 52,099,000 | 51,437,000 | 50,710,000 | 50,773,000 | 49,603,000 | 49,248,000 |
| Total asset turnover | 1.28 | 1.28 | 1.29 | 1.27 | 1.29 | 1.19 | 1.18 | 1.21 | 1.25 | 1.24 | 1.24 | 1.28 | 1.32 | 1.28 | 1.28 | 1.28 | 1.29 | 1.27 | 1.27 | 1.24 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $71,043,000K ÷ $55,617,000K
= 1.28
Lockheed Martin Corporation's total asset turnover ratio, which measures the efficiency of the company in generating revenue from its assets, has shown some fluctuations over the past few years. The trend indicates that the company has generally been able to effectively utilize its assets to generate sales.
From March 31, 2020 to December 31, 2020, the total asset turnover ratio increased steadily from 1.24 to 1.29, suggesting an improvement in the company's ability to generate sales relative to its asset base. However, there was a slight decrease to 1.28 by March 31, 2021. The ratio remained relatively stable around 1.28 throughout 2021 and 2022, indicating consistent efficiency in utilizing assets to generate revenue.
In the following quarters, Lockheed Martin experienced a slight decline in total asset turnover, dropping to 1.18 by June 30, 2023. This may signal potential inefficiencies in asset utilization during that period. However, the ratio recovered and stabilized around 1.28 in the subsequent quarters, indicating a return to more effective asset management.
Overall, the data suggests that Lockheed Martin Corporation has maintained a relatively stable total asset turnover ratio, with occasional fluctuations that may require monitoring and further analysis to assess the company's efficiency in utilizing its assets to drive revenue.
See also:
Lockheed Martin Corporation Total Asset Turnover (Quarterly Data)