Leidos Holdings (BSP:L1DO34) Receivables Turnover : 2.64 (As of Mar. 2024)

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What is Leidos Holdings Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Leidos Holdings's Revenue for the three months ended in Mar. 2024 was R$19,795 Mil. Leidos Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was R$7,488 Mil. Hence, Leidos Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 2.64.

Leidos Holdings Receivables Turnover Historical Data

The historical data trend for Leidos Holdings's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Leidos Holdings Receivables Turnover Chart

Leidos Holdings Annual Data

Trend

Jan14

Jan15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.92

11.79

11.69

10.84

10.72

Leidos Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.55	2.46	2.73	2.81	2.64

Competitive Comparison of Leidos Holdings's Receivables Turnover

For the Information Technology Services subindustry, Leidos Holdings's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Leidos Holdings's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Leidos Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Leidos Holdings's Receivables Turnover falls into.

Leidos Holdings Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Leidos Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	75643.112	/ (	(7175.707	+	6938.117)	/	2 )
=	75643.112	/	7056.912
=	10.72

Leidos Holdings's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	19794.705	/ (	(6938.117	+	8037.397)	/	2 )
=	19794.705	/	7487.757
=	2.64

Leidos Holdings (BSP:L1DO34) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Leidos Holdings Receivables Turnover Related Terms

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Leidos Holdings (BSP:L1DO34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Leidos Holdings Inc (BSP:L1DO34) » Definitions » Receivables Turnover

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Traded in Other Exchanges

LDOS:USA S6IA:Germany

Address

1750 Presidents Street, Reston, VA, USA, 20190

Website

https://www.leidos.com

Leidos Holdings Inc is a technology, engineering, and science company that provides services and solutions in the defense, intelligence, civil and health markets, both domestically and internationally. Company customer includes the U.S. Department of Defense ("DoD"), the U.S. Intelligence Community, the U.S. Department of Homeland Security ("DHS"), the Federal Aviation Administration ("FAA"), the Department of Veterans Affairs ("VA"), and many other U.S. civilian, state and local government agencies, etc. The company is engaged in three reportable segments; Defense Solutions, Civil, and Health. Defense Solutions provides leading-edge and technologically advanced services, solutions, and products to a broad customer base. It generates key revenue from Defense Solutions.

Leidos Holdings (BSP:L1DO34) Headlines

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