Lockheed Martin (BSP:LMTB34) Days Sales Outstanding : 11.55 (As of Mar. 2024)

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What is Lockheed Martin Days Sales Outstanding?

Lockheed Martin's average Accounts Receivable for the three months ended in Mar. 2024 was R$10,843 Mil. Lockheed Martin's Revenue for the three months ended in Mar. 2024 was R$85,628 Mil. Hence, Lockheed Martin's Days Sales Outstanding for the three months ended in Mar. 2024 was 11.55.

The historical rank and industry rank for Lockheed Martin's Days Sales Outstanding or its related term are showing as below:

BSP:LMTB34' s Days Sales Outstanding Range Over the Past 10 Years
Min: 10.73 Med: 15.29 Max: 59.65
Current: 13.42

During the past 13 years, Lockheed Martin's highest Days Sales Outstanding was 59.65. The lowest was 10.73. And the median was 15.29.

BSP:LMTB34's Days Sales Outstanding is ranked better than
97.01% of 301 companies
in the Aerospace & Defense industry
Industry Median: 64.19 vs BSP:LMTB34: 13.42

Lockheed Martin's Days Sales Outstanding declined from Mar. 2023 (15.40) to Mar. 2024 (11.55).

Lockheed Martin Days Sales Outstanding Historical Data

The historical data trend for Lockheed Martin's Days Sales Outstanding 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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Lockheed Martin Days Sales Outstanding Chart

Lockheed Martin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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14.19

10.72

10.24

12.78

13.00

Lockheed Martin Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															15.40	16.94	15.61	11.01	11.55

Competitive Comparison of Lockheed Martin's Days Sales Outstanding

For the Aerospace & Defense subindustry, Lockheed Martin's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Lockheed Martin's Days Sales Outstanding Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Lockheed Martin's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Lockheed Martin's Days Sales Outstanding falls into.

Lockheed Martin Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Lockheed Martin's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (13139.727	+	10446.374)	/	2 )	/	331084.386	*	365
=	11793.0505					/	331084.386	*	365
=	13.00

Lockheed Martin's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (10446.374	+	11239.409)	/	2 )	/	85627.661	*	365 / 4
=	10842.8915					/	85627.661	*	365 / 4
=	11.55

Lockheed Martin (BSP:LMTB34) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Lockheed Martin Days Sales Outstanding Related Terms

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Lockheed Martin (BSP:LMTB34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Lockheed Martin Corp (BSP:LMTB34) » Definitions » Days Sales Outstanding

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Traded in Other Exchanges

LMT:USA LMT:Mexico 1LMT:Italy LOM:Germany LMT:Austria LMT:Argentina

Address

6801 Rockledge Drive, Bethesda, MD, USA, 20817

Website

https://www.lockheedmartin.com

Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Lockheed's largest segment is aeronautics, which derives upward of two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems, which is mainly the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.

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