Lockheed Martin Corporation (LMT)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 8,507,000 | 8,507,000 | 8,624,000 | 8,452,000 | 8,348,000 | 8,510,000 | 8,645,000 | 8,874,000 | 9,123,000 | 8,957,000 | 8,810,000 | 8,704,000 | 8,644,000 | 8,504,000 | 8,462,000 | 8,384,000 | 8,545,000 | 8,247,000 | 8,105,000 | 7,892,000 |
| 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 |
| Operating ROA | 16.22% | 15.01% | 15.14% | 15.47% | 15.79% | 16.36% | 16.70% | 17.23% | 17.93% | 17.28% | 16.91% | 16.92% | 17.05% | 16.75% | 17.06% | 17.02% | 17.98% | 16.74% | 16.94% | 16.55% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $8,507,000K ÷ $52,456,000K
= 16.22%
Lockheed Martin Corp.'s operating return on assets (operating ROA) has exhibited a relatively stable trend over the past eight quarters, ranging from 15.15% to 17.05%. This ratio indicates the company's ability to generate operating income from its assets. The higher the percentage, the more efficiently the company is utilizing its assets to generate operating profits.
Lockheed Martin Corp.'s operating ROA peaked at 17.05% in the first quarter of 2022 before experiencing a gradual decline to 16.34% by the end of 2023. Despite this decrease, the company's operating ROA remains relatively strong, indicating effective asset utilization and efficient operations. It is important to delve deeper into the company's operating performance and asset management strategies to understand the factors driving these trends in operating ROA.