Lockheed Martin Corporation (LMT)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 59,812,000 | 58,345,000 | 57,492,000 | 56,463,000 |
| Total assets | US$ in thousands | 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 | 47,528,000 | 49,275,000 | 47,840,000 | 47,684,000 |
| Total asset turnover | 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 | 1.26 | 1.18 | 1.20 | 1.18 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $67,571,000K ÷ $52,456,000K
= 1.29
The total asset turnover ratio of Lockheed Martin Corp. has shown some fluctuations over the past eight quarters. The ratio measures the efficiency of the company's use of its assets in generating revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.
The trend in the total asset turnover ratio for Lockheed Martin Corp. shows some variability, ranging from 1.18 to 1.29 over the past eight quarters. While there has been some fluctuation, the ratio generally remained within a relatively narrow range, which suggests stability in the company's asset utilization efficiency.
Overall, the data indicates that Lockheed Martin Corp. has been fairly effective in generating revenue from its total assets, with the ratio generally above 1, reflecting efficient utilization of assets to generate sales. However, it would be important to further analyze the company's operations and industry benchmarks to gain deeper insights into the effectiveness of its asset management and revenue generation efforts.
See also:
Lockheed Martin Corporation Total Asset Turnover (Quarterly Data)