The Boeing Company (BA)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 66,517,000 | 77,794,000 | 66,608,000 | 62,286,000 | 58,158,000 |
| Property, plant and equipment | US$ in thousands | 11,412,000 | 10,661,000 | 10,550,000 | 10,918,000 | 11,820,000 |
| Fixed asset turnover | 5.83 | 7.30 | 6.31 | 5.70 | 4.92 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $66,517,000K ÷ $11,412,000K
= 5.83
The fixed asset turnover ratio of The Boeing Company has shown a consistent increasing trend over the past five years. The ratio has improved from 4.92 in December 2020 to 5.70 in December 2021, further increasing to 6.31 in December 2022, and then to 7.30 in December 2023 before declining slightly to 5.83 in December 2024.
This indicates that Boeing has been able to generate more revenue from its fixed assets over the years, reflecting improved efficiency in utilizing its long-term assets to generate sales. The company has been able to effectively manage and make use of its fixed assets to drive revenue growth, which is a positive sign for investors and stakeholders. The slight decline in 2024 may warrant further investigation to understand the factors impacting this metric.
Peer comparison
Dec 31, 2024