The Boeing Company (BA)
Receivables 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 |
| Receivables | US$ in thousands | 2,649,000 | 3,032,000 | 2,945,000 | 2,862,000 | 2,517,000 | 2,673,000 | 2,996,000 | 2,407,000 | 2,641,000 | 2,247,000 | 2,490,000 | 2,356,000 | 1,955,000 | 2,762,000 | 2,793,000 | 3,211,000 | 3,266,000 | 3,564,000 | 3,291,000 | 3,669,000 |
| Receivables turnover | 29.37 | 24.99 | 24.99 | 24.65 | 26.46 | 22.98 | 20.27 | 25.37 | 23.58 | 27.95 | 24.76 | 23.97 | 29.75 | 22.00 | 23.85 | 21.97 | 23.44 | 24.41 | 28.00 | 27.44 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $77,794,000K ÷ $2,649,000K
= 29.37
The receivables turnover ratio for Boeing Co. has shown fluctuations over the past eight quarters. The ratio measures the efficiency at which the company is able to collect on its credit sales, so a higher ratio is generally favorable.
From Dec 31, 2022, to Dec 31, 2023, the receivables turnover increased from 5.97 to 7.09, indicating an improvement in the company's ability to collect on its receivables. However, there was a slight decrease in the ratio in the following quarter, but it remained relatively high at 6.20.
The trend prior to Dec 31, 2022, shows some variability in the receivables turnover, with values fluctuating between 4.90 and 5.97. This suggests some inconsistency in the company's collection process during that time.
Overall, the recent increase in the receivables turnover ratio indicates that Boeing Co. has been more effective in collecting payments from its customers, which can be indicative of a more efficient credit management process. However, it would be necessary to analyze this ratio in conjunction with other financial metrics to gain a comprehensive understanding of Boeing's financial performance.
Peer comparison
Dec 31, 2023