The Boeing Company (BA)
Receivables 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 |
| Receivables | US$ in thousands | 2,631,000 | 2,649,000 | 2,517,000 | 2,641,000 | 1,955,000 |
| Receivables turnover | 25.28 | 29.37 | 26.46 | 23.58 | 29.75 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $66,517,000K ÷ $2,631,000K
= 25.28
The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable during a specific period. In this case, The Boeing Company's receivables turnover has shown some fluctuations over the past five years.
In 2020, the receivables turnover ratio was 29.75, indicating that Boeing was collecting its accounts receivable approximately 29.75 times throughout the year. However, this ratio decreased to 23.58 in 2021, which may suggest a slower collection of receivables compared to the previous year.
There was a slight improvement in 2022, with the receivables turnover ratio increasing to 26.46, indicating a better collection efficiency. This improvement continued in 2023, where the ratio further increased to 29.37, reflecting an even more efficient collection of accounts receivable.
However, in 2024, the receivables turnover ratio decreased to 25.28, showing a slight decline in the efficiency of collecting receivables compared to the previous year.
Overall, The Boeing Company's receivables turnover ratio has shown some variability over the past five years, with both improvements and declines in efficiency. It is essential for Boeing to closely monitor this ratio to ensure timely collection of accounts receivable and maintain a healthy cash flow.
Peer comparison
Dec 31, 2024