Lockheed Martin Corporation (LMT)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 6,920,000 | 6,966,000 | 7,060,000 | 5,688,000 | 5,732,000 | 5,869,000 | 4,705,000 | 6,211,000 | 6,315,000 | 6,058,000 | 7,142,000 | 6,953,000 | 6,833,000 | 6,539,000 | 6,449,000 | 6,243,000 | 6,230,000 | 5,985,000 | 5,850,000 | 5,593,000 |
| 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 |
| ROA | 13.19% | 12.29% | 12.39% | 10.41% | 10.84% | 11.28% | 9.09% | 12.06% | 12.41% | 11.69% | 13.71% | 13.52% | 13.47% | 12.88% | 13.00% | 12.68% | 13.11% | 12.15% | 12.23% | 11.73% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $6,920,000K ÷ $52,456,000K
= 13.19%
Lockheed Martin Corp.'s return on assets (ROA) shows a consistent and relatively strong performance over the past eight quarters. The ROA has generally stayed above 10%, reflecting the company's ability to generate profits from its assets. The highest ROA of 13.19% was achieved at the end of December 2023, indicating efficient utilization of assets to generate earnings. Despite a slight dip in the ROA in the third quarter of 2022, the company managed to maintain a double-digit ROA throughout the period, suggesting effective management of its assets to drive profitability. Overall, Lockheed Martin Corp.'s consistent ROA figures highlight its ability to generate earnings relative to its asset base.
See also:
Lockheed Martin Corporation Return on Assets (ROA) (Quarterly Data)