The Boeing Company (BA)
Total 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 |
| Total assets | US$ in thousands | 137,012,000 | 134,281,000 | 134,774,000 | 136,347,000 | 137,100,000 | 137,558,000 | 135,479,000 | 135,801,000 | 138,552,000 | 146,846,000 | 148,935,000 | 150,035,000 | 152,136,000 | 161,261,000 | 162,872,000 | 143,075,000 | 133,625,000 | 132,598,000 | 126,261,000 | 120,209,000 |
| Total asset turnover | 0.57 | 0.56 | 0.55 | 0.52 | 0.49 | 0.45 | 0.45 | 0.45 | 0.45 | 0.43 | 0.41 | 0.38 | 0.38 | 0.38 | 0.41 | 0.49 | 0.57 | 0.66 | 0.73 | 0.84 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $77,794,000K ÷ $137,012,000K
= 0.57
The total asset turnover for Boeing Co. has shown a fluctuating trend over the past eight quarters. The ratio, which indicates the company's efficiency in generating sales revenue from its total assets, increased from 0.45 in the first quarter of 2022 to 0.57 at the end of December 2023. This improvement suggests that Boeing Co. has been more effective in utilizing its assets to generate revenues.
However, it is important to note that the ratio decreased to 0.55 in the second quarter of 2023 and further declined to 0.52 in the first quarter of 2023 before reaching 0.56 at the end of September 2023. These fluctuations may indicate potential challenges in managing and utilizing assets efficiently to drive revenue generation.
Overall, Boeing Co.'s total asset turnover has shown some improvement, but the fluctuating trend requires further monitoring to assess its ability to consistently optimize asset utilization for revenue generation.
Peer comparison
Dec 31, 2023