Lockheed Martin Corporation (LMT)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,336,000 | 6,920,000 | 5,732,000 | 6,315,000 | 6,833,000 |
| Total assets | US$ in thousands | 55,617,000 | 52,456,000 | 52,880,000 | 50,873,000 | 50,710,000 |
| ROA | 9.59% | 13.19% | 10.84% | 12.41% | 13.47% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $5,336,000K ÷ $55,617,000K
= 9.59%
Lockheed Martin Corporation's Return on Assets (ROA) has shown fluctuating performance over the years based on the provided data.
- As of December 31, 2020, the ROA was 13.47%, indicating that the company generated $13.47 in profit for every $100 in assets.
- By December 31, 2021, the ROA had slightly decreased to 12.41%, suggesting a dip in profitability relative to the prior year.
- The trend continued in 2022, with the ROA falling to 10.84%, indicating a further decline in the company's ability to generate earnings from its assets.
- However, there was a notable rebound by December 31, 2023, where the ROA increased to 13.19%, reflecting improved profitability and efficiency in asset utilization.
- The most recent data point, as of December 31, 2024, shows a decrease in ROA to 9.59%, signaling a potential decline in profitability compared to the previous year.
Overall, Lockheed Martin Corporation's ROA has demonstrated variability in performance over the years, highlighting the importance of closely monitoring and managing asset utilization to enhance profitability.