The Boeing Company (BA)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 66,517,000 | 73,293,000 | 73,557,000 | 76,442,000 | 77,794,000 | 75,756,000 | 73,608,000 | 70,538,000 | 66,608,000 | 61,421,000 | 60,743,000 | 61,060,000 | 62,286,000 | 62,797,000 | 61,658,000 | 56,467,000 | 58,158,000 | 60,765,000 | 66,606,000 | 70,550,000 |
| Property, plant and equipment | US$ in thousands | 11,412,000 | 11,236,000 | 10,976,000 | 10,696,000 | 10,661,000 | 10,484,000 | 10,455,000 | 10,493,000 | 10,550,000 | 10,508,000 | 10,617,000 | 10,755,000 | 10,918,000 | 11,113,000 | 11,341,000 | 11,643,000 | 11,820,000 | 11,969,000 | 12,182,000 | 12,405,000 |
| Fixed asset turnover | 5.83 | 6.52 | 6.70 | 7.15 | 7.30 | 7.23 | 7.04 | 6.72 | 6.31 | 5.85 | 5.72 | 5.68 | 5.70 | 5.65 | 5.44 | 4.85 | 4.92 | 5.08 | 5.47 | 5.69 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $66,517,000K ÷ $11,412,000K
= 5.83
The fixed asset turnover ratio measures how efficiently a company generates revenue from its investments in fixed assets. Looking at The Boeing Company's fixed asset turnover ratio over the past few years, we can observe a generally positive trend.
The ratio has exhibited some fluctuations but has shown an overall increasing pattern from March 31, 2020, to December 31, 2024. The ratio started at 5.69 on March 31, 2020, decreased slightly to 4.85 on March 31, 2021, before steadily climbing to reach 7.30 on December 31, 2023. However, the ratio experienced a decrease thereafter to 5.83 by December 31, 2024.
This trend suggests that Boeing has been able to generate more revenue from its fixed assets over the years. A higher fixed asset turnover ratio indicates better utilization of assets to generate sales. Fluctuations in the ratio may be influenced by various factors such as changes in production efficiency, asset utilization, or sales volume.
Overall, The Boeing Company's improving fixed asset turnover ratio reflects a positive trend in their operational efficiency and asset management, showcasing the company's ability to efficiently generate sales from its fixed assets.
Peer comparison
Dec 31, 2024
See also:
The Boeing Company Net Fixed Asset Turnover (Quarterly Data)