Lockheed Martin Corporation (LMT)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 6,920,000 | 5,732,000 | 6,315,000 | 6,833,000 | 6,230,000 |
| Total assets | US$ in thousands | 52,456,000 | 52,880,000 | 50,873,000 | 50,710,000 | 47,528,000 |
| ROA | 13.19% | 10.84% | 12.41% | 13.47% | 13.11% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $6,920,000K ÷ $52,456,000K
= 13.19%
Lockheed Martin Corp.'s return on assets (ROA) has exhibited fluctuations over the past five years, ranging from 10.84% to 13.47%. The company's ROA increased from 2022 to 2023, reaching 13.19%, indicating an improvement in the company's ability to generate profits from its assets. However, it is important to note that the 2023 ROA is still below the 2020 level of 13.47%. This suggests that while the company's profitability from its assets has seen some improvement, it has not yet reached its previous peak. Overall, the ROA trend reflects variability in Lockheed Martin's efficiency in generating earnings from its assets over the years.