The Boeing Company (BA)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 77,794,000 | 66,608,000 | 62,286,000 | 58,158,000 | 76,559,000 |
| Total assets | US$ in thousands | 137,012,000 | 137,100,000 | 138,552,000 | 152,136,000 | 133,625,000 |
| Total asset turnover | 0.57 | 0.49 | 0.45 | 0.38 | 0.57 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $77,794,000K ÷ $137,012,000K
= 0.57
The total asset turnover of Boeing Co. has shown a fluctuating trend over the past five years. In 2019 and 2023, the total asset turnover ratio stood at 0.57, indicating that for every dollar of assets, Boeing generated 57 cents of sales. This suggests efficient utilization of assets to generate revenue. In 2020, the ratio dropped to 0.38, reflecting a decrease in the company's ability to generate sales from its total assets. However, in 2021 and 2022, the ratio increased to 0.45 and 0.49, respectively, indicating improved asset utilization. It is essential to closely monitor this ratio to assess Boeing's effectiveness in generating sales relative to its total assets.
Peer comparison
Dec 31, 2023