The Boeing Company (BA)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 76,559,000 | 86,989,000 | 92,155,000 | 100,662,000 |
| Property, plant and equipment | US$ in thousands | 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 | 12,502,000 | 12,527,000 | 12,601,000 | 12,594,000 |
| Fixed asset turnover | 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 | 6.12 | 6.94 | 7.31 | 7.99 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $77,794,000K ÷ $10,661,000K
= 7.30
The fixed asset turnover ratio measures Boeing Co.'s efficiency in generating sales from its investment in fixed assets such as property, plant, and equipment. The trend of the fixed asset turnover ratio over the past eight quarters indicates an overall improvement in the company's ability to utilize its fixed assets to generate sales.
The ratio has consistently increased from 5.68 in March 2022 to 7.30 in December 2023, which suggests that Boeing Co. has been able to generate more sales relative to its investment in fixed assets. This improvement may be indicative of better operational efficiency and effective utilization of its fixed assets.
Overall, the increasing trend in the fixed asset turnover ratio reflects positively on Boeing Co.'s ability to maximize the productivity of its fixed assets and generate revenue from its investment in long-term assets.
Peer comparison
Dec 31, 2023
See also:
The Boeing Company Net Fixed Asset Turnover (Quarterly Data)