Northrop Grumman Corporation

NYSE NOC

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Northrop Grumman Corporation Accounts Receivable Turnover Ratio for the year ending December 31, 2023: 5.50

Northrop Grumman Corporation Accounts Receivable Turnover Ratio is 5.50 for the year ending December 31, 2023, a 12.56% change year over year. The accounts receivable turnover ratio measures the efficiency of a company in collecting payments from its customers. It is calculated by dividing the company's revenue by its accounts receivable. This ratio provides insight into how quickly a company collects outstanding funds owed to it. A higher turnover ratio implies that the company efficiently converts credit sales into cash, while a lower ratio may indicate delays in collecting payments or potential issues with credit management.

Northrop Grumman Corporation Accounts Receivable Turnover Ratio for the year ending December 31, 2022 was 4.88, a -4.70% change year over year.
Northrop Grumman Corporation Accounts Receivable Turnover Ratio for the year ending December 31, 2021 was 5.13, a -7.51% change year over year.
Northrop Grumman Corporation Accounts Receivable Turnover Ratio for the year ending December 31, 2020 was 5.54, a 9.05% change year over year.
Northrop Grumman Corporation Accounts Receivable Turnover Ratio for the year ending December 31, 2019 was 5.08, a 9.31% change year over year.

NYSE: NOC

Northrop Grumman Corporation

CEO	Ms. Kathy J. Warden
IPO Date	Dec. 31, 1981
Location	United States
Headquarters	2980 Fairview Park Drive, Falls Church, VA, United States, 22042
Employees	101,000
Sector	Industrials
Industry	Aerospace & defense

Description

Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems. Its Defense Systems segment designs, develops, integrates, and produces tactical weapons and missile defense solutions, and provides sustainment, modernization, and training services for manned and unmanned aircraft and electronics systems. It also offers integrated, all-domain command, and control battle management systems, precision strike weapons; high speed air-breathing and hypersonic systems; high-performance gun systems, ammunition, precision munitions and advanced fuzes; aircraft and mission systems logistics support, sustainment, operations and modernization; and warfighter training services. The company's Mission Systems segment offers command, control, communications and computers, intelligence, surveillance, and reconnaissance systems; radar, electro-optical/infrared and acoustic sensors; electronic warfare systems; advanced communications and network systems; cyber solutions; intelligence processing systems; navigation; and maritime power, propulsion, and payload launch systems. Its Space Systems segment offers satellites, spacecraft systems, subsystems, sensors, and payloads; ground systems; missile defense systems and interceptors; launch vehicles and related propulsion systems; and strategic missiles. Northrop Grumman Corporation was founded in 1939 and is based in Falls Church, Virginia.

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