The Boeing Company (BA)
Total 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 |
| Total assets | US$ in thousands | 156,363,000 | 137,012,000 | 137,100,000 | 138,552,000 | 152,136,000 |
| Total asset turnover | 0.43 | 0.57 | 0.49 | 0.45 | 0.38 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $66,517,000K ÷ $156,363,000K
= 0.43
The total asset turnover ratio measures a company's efficiency in generating revenue from its total assets. Looking at The Boeing Company's total asset turnover over the years, we observe a fluctuating trend.
In 2020, The Boeing Company had a total asset turnover of 0.38, indicating that for every dollar of assets, the company generated $0.38 in revenue. However, there was an improvement in 2021 with the ratio increasing to 0.45, suggesting better utilization of assets to generate revenue.
Further improvement was seen in 2022 and 2023, with the total asset turnover ratio reaching 0.49 and 0.57 respectively. This indicates a positive trend in effectively utilizing assets to drive revenue growth.
However, there was a slight dip in 2024, with the ratio dropping to 0.43, which may indicate a temporary decrease in efficiency in generating revenue from assets.
Overall, the increasing trend in total asset turnover from 2020 to 2023 reflects improved efficiency in asset utilization and revenue generation for The Boeing Company, although the decrease in 2024 suggests the need for continued monitoring and optimization of asset management strategies.
Peer comparison
Dec 31, 2024