LMT (Lockheed Martin) Days Payable : 19.80 (As of Sep. 2024)

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What is Lockheed Martin Days Payable?

Lockheed Martin's average Accounts Payable for the three months ended in Sep. 2024 was $3,252 Mil. Lockheed Martin's Cost of Goods Sold for the three months ended in Sep. 2024 was $14,987 Mil. Hence, Lockheed Martin's Days Payable for the three months ended in Sep. 2024 was 19.80.

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

LMT' s Days Payable Range Over the Past 10 Years
Min: 5.22 Med: 13.38 Max: 18.79
Current: 18.79

During the past 13 years, Lockheed Martin's highest Days Payable was 18.79. The lowest was 5.22. And the median was 13.38.

LMT's Days Payable is ranked worse than
98.33% of 299 companies
in the Aerospace & Defense industry
Industry Median: 71.58 vs LMT: 18.79

Lockheed Martin's Days Payable declined from Sep. 2023 (22.41) to Sep. 2024 (19.80). It may suggest that Lockheed Martin accelerated paying its suppliers.

Lockheed Martin Days Payable Historical Data

The historical data trend for Lockheed Martin's Days Payable 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 Payable Chart

Lockheed Martin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.07

6.95

5.22

9.16

13.68

Lockheed Martin Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															22.41	16.87	17.51	19.41	19.80

Competitive Comparison of Lockheed Martin's Days Payable

For the Aerospace & Defense subindustry, Lockheed Martin's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution in the Aerospace & Defense Industry

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

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

Lockheed Martin Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2117	+	2312)	/	2 )	/	59092	*	365
=	2214.5					/	59092	*	365
=	13.68

Lockheed Martin's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (3282	+	3221)	/	2 )	/	14987	*	365 / 4
=	3251.5					/	14987	*	365 / 4
=	19.80

Lockheed Martin Days Payable Related Terms

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Lockheed Martin Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Lockheed Martin Corp (NYSE:LMT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LMT:Mexico 1LMT:Italy LOMd:UK 0R3E:UK LOM:Germany LOM:Germany LOM:Germany LMTB34:Brazil LOM:Bulgaria 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, mainly encompassing 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.

Executives

Stephanie C. Hill	officer: Executive Vice President	55 WATER STREET, NEW YORK NY 10041
Timothy S Cahill	officer: Executive Vice President	6802 ROCKLEDGE DRIVE, BETHESDA MD 20817
Gregory M Ulmer	officer: Acting Executive Vice Pres.	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Lightfoot Robert M Jr	officer: Executive Vice President	6801 ROCKLEDGE DR, BETHESDA MD 20817
Maryanne Lavan	officer: SVP & General Counsel	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
St John Frank A	officer: Executive Vice President	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
John Donovan	director	208 S. AKARD ST. , ROOM 3025, DALLAS TX 75202
Vincent R. Stewart	director	C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Paul Harry Edward Iii	officer: Vice President & Controller	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Evan T Scott	officer: Vice President & Treasurer	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
John W Mollard	officer: Vice President & Treasurer	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817
Brian P Colan	officer: VP & Controller	6801 ROCKLEDGE DR, BETHESDA MD 20817
Jesus Jr Malave	officer: Chief Financial Officer	L3HARRIS TECHNOLOGIES INC, 1025 WEST NASA BOULEVARD, MELBOURNE FL 32919
Patricia E Yarrington	director	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Kenneth R Possenriede	officer: Vice President & Treasurer	6801 ROCKLEDGE DRIVE, BETHESDA MD 20817