L3Harris Technologies Inc

NYSE LHX

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L3Harris Technologies Inc Accounts Payable Turnover Ratio 5 year CAGR for the year ending June 30, 2023: -2.42%

L3Harris Technologies Inc Accounts Payable Turnover Ratio 5 year CAGR is -2.42% for the year ending June 30, 2023, a -51.78% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • L3Harris Technologies Inc Accounts Payable Turnover Ratio for the year ending June 30, 2022 was 10.08, a -22.09% change year over year.
  • L3Harris Technologies Inc Accounts Payable Turnover Ratio for the year ending June 30, 2021 was 12.94, a -11.92% change year over year.
  • L3Harris Technologies Inc Accounts Payable Turnover Ratio for the year ending June 30, 2020 was 14.69, a 13.41% change year over year.
  • L3Harris Technologies Inc Accounts Payable Turnover Ratio for the year ending June 30, 2019 was 12.95.
NYSE: LHX

L3Harris Technologies Inc

CEO Mr. Christopher E. Kubasik CPA, CPA
IPO Date Dec. 31, 1981
Location United States
Headquarters 1025 West NASA Boulevard, Melbourne, FL, United States, 32919
Employees 50,000
Sector Industrials
Industry Aerospace & defense
Description

L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides intelligence, surveillance, and reconnaissance (ISR) systems, passive sensing and targeting, electronic attack, autonomy, power and communications, and networks and sensors, as well as advanced combat systems for air, land, and sea sectors. Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions; classified intelligence and cyber; mission avionics; electronic warfare systems; and mission networks systems for air traffic management operations. The company's Communication Systems segment provides broadband communications; tactical radios, software, satellite terminals, and end-to-end battlefield systems for the U.S. Department of Defense, international, federal, and state agency customers; integrated vision solutions, including helmet-mounted integrated night vision goggles with leading-edge image intensifier tubes and weapon-mounted sights, aiming lasers, and range finders; and public safety radios, and system applications and equipment. Its Aerojet Rocketdyne segment provides propulsion technologies and armament systems for strategic defense, missile defense, hypersonic, and tactical systems; and space propulsion and power systems for national security, and space and exploration missions. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is based in Melbourne, Florida.

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StockViz Staff

September 20, 2024

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