What is Lockheed Martin's ROA in the fourth quarter of 2023?
Lockheed Martin Corporation achieved a return on average assets (ROA) of
13.56 % in its fourth quarter of 2023, this is above LMT's average return on assets of 9.61%.
Lockheed Martin Corporations assets during the 12 months ending in the fourth quarter of 2023 are valued at $51 billion
ROA fell compared to the third quarter of 2023, despite the net income growth of 10.81% from the third quarter of 2023.
However, within the
Capital Goods sector 38 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to
301, from total ROA ranking in the third quarter of 2023 at
441.
What is ROA?