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Lockheed Martin Corporation  (LMT)
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    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods
 

Lockheed Martin Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Lockheed Martin's inventory turnover ratio, the ratio that measures Lockheed Martin's ability to manage its supply chain, sequentially decreased to 17.62 in the fourth quarter 2023, but it does not raise any concerns as Lockheed Martin continue to execute well, and the inventory turnover ratio remains above the average. Average processing period, for Lockheed Martin's inventories remained unchanged at 21 days, in the Dec 31 2023 quarter.

Within Capital Goods sector 13 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 2 in the third quarter 2023, to 4.

LMT Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Lockheed Martin Corporation Market Share?

What is Inventory Turnover Ratio?


LMT Inventory Turnover Ratio (Dec 31 2023)
IV. Quarter
(Sep 24 2023)
III. Quarter
(Jun 25 2023)
II. Quarter
(Mar 26 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Inventory Growth 1.42 % 6.39 % 1.95 % 10.4 % 3.59 %
Y / Y Cost of Sales Growth -0.66 % 2.54 % 8.25 % 0.19 % 9.03 %
Inventory Turnover Ratio (TTM) 17.62 17.71 17.87 17.62 18.06
LMT's Total Ranking # 4 # 2 # 185 # 185 # 116
Average inventory processing period 21 21 20 21 20
Seq. Inventory Growth -5.43 % -5.32 % 0.78 % 12.4 % -0.8 %
Seq. Cost of Sales Growth 11.79 % 1.55 % 11.64 % -21.63 % 15.39 %



Inventory Turnover Ratio Company Ranking
Within: No.
Aerospace & Defense Industry # 1
Capital Goods Sector # 14
Overall Market # 4

Inventory Turnover Ratio Statistics
High Average Low
25.89 15.36 0.64
(Sep. 30, 2007)   (March 31, 2016)




Financial Statements
Lockheed Martin's Inventories $ 3,132 Millions Visit LMT's Balance sheet
Lockheed Martin's Cost of Revenues TTM $ 59,092 Millions Visit LMT's Income Statement
What are LMT's Sales? Visit LMT's Sales by Segment

Other Inventory Turnover Ratios
Lockheed Martin's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Aerospace & Defense Industry Inventory Turnover Trends and Statistics
Capital Goods Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
LMT's Inventory Turnover Ratio versus Aerospace & Defense Industry, Capital Goods Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for LMT's Competitors
Inventory Turnover Ratio for LMT's Suppliers
Inventory Turnover Ratio for LMT's Customers

You may also want to know
LMT's Sales Growth Rates LMT's Pe Price to earnings ratio LMT's Receivables Turnover Ratio LMT's Stock Quote
LMT's Net Income Growth Rates LMT's Ps Price to Sales ratio LMT's Sales per Employee LMT's Asset Turnover Ratio
LMT's Net Margin LMT's Pb Price to Book ratio LMT's Financial Strength Ratios LMT's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2023, within Capital Goods Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 31 2023 Inventories at quarter ending Dec 31 2023
Concrete Pumping Holdings Inc   41.75 $ 271.213  Millions$ 6  Millions
Fuel Tech Inc   34.26 $ 15.425  Millions$ 0  Millions
Huntington Ingalls Industries Inc   34.04 $ 6,467.000  Millions$ 190  Millions
Granite Construction Incorporated  32.24 $ 3,112.000  Millions$ 97  Millions
Api Group Corporation  31.27 $ 4,988.000  Millions$ 160  Millions
Mistras Group inc   30.83 $ 477.000  Millions$ 15  Millions
Enovix Corporation  23.86 $ 63.000  Millions$ 3  Millions
Northrop Grumman Corp  21.56 $ 26,226.000  Millions$ 1,217  Millions
Ies Holdings Inc   18.59 $ 1,943.892  Millions$ 105  Millions
Lockheed Martin Corporation  17.62 $ 59,092.000  Millions$ 3,353  Millions
Construction Partners Inc   15.77 $ 1,399.717  Millions$ 89  Millions
Nextracker Inc   14.70 $ 2,474.800  Millions$ 168  Millions
Installed Building Products Inc   11.26 $ 1,847.000  Millions$ 164  Millions
Trio tech International  9.84 $ 29.628  Millions$ 3  Millions
Greystone Logistics Inc   9.79 $ 48.630  Millions$ 5  Millions
Topbuild Corp  9.39 $ 3,590.000  Millions$ 382  Millions
Powell Industries Inc   9.11 $ 588.606  Millions$ 65  Millions
Symbotic Inc   7.67 $ 1,113.882  Millions$ 145  Millions
Blue Bird Corporation  7.61 $ 1,019.943  Millions$ 134  Millions
Oil dri Corporation Of America  7.31 $ 309.291  Millions$ 42  Millions
Sci Engineered Materials inc   7.24 $ 22.000  Millions$ 3  Millions
L3harris Technologies Inc   6.59 $ 10,228.000  Millions$ 1,552  Millions
Stem Inc   6.50 $ 457.000  Millions$ 70  Millions
Wabash National Corporation  6.42 $ 2,038.000  Millions$ 318  Millions
John Bean Technologies Corporation  6.15 $ 1,622.600  Millions$ 264  Millions
Applied Industrial Technologies Inc   6.12 $ 3,147.603  Millions$ 514  Millions
Leonardo Drs Inc   5.99 $ 2,178.000  Millions$ 364  Millions
Johnson Controls International Plc  5.97 $ 17,510.000  Millions$ 2,931  Millions
Miller Industries inc   5.74 $ 1,001.000  Millions$ 175  Millions
Cavco Industries Inc   5.62 $ 1,402.526  Millions$ 250  Millions

Date modified: 2024-01-25T21:12:55+00:00



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