The Boeing Company (BA)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 66,517,000 | 73,293,000 | 73,557,000 | 76,442,000 | 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 |
| Total current assets | US$ in thousands | 127,998,000 | 109,436,000 | 114,439,000 | 106,532,000 | 109,275,000 | 106,935,000 | 107,412,000 | 108,811,000 | 109,523,000 | 109,251,000 | 106,000,000 | 106,012,000 | 108,666,000 | 116,888,000 | 119,095,000 | 119,945,000 | 121,642,000 | 131,012,000 | 130,277,000 | 111,011,000 |
| Total current liabilities | US$ in thousands | 97,078,000 | 97,300,000 | 96,630,000 | 93,258,000 | 95,827,000 | 93,062,000 | 92,076,000 | 93,510,000 | 90,052,000 | 89,618,000 | 84,799,000 | 81,692,000 | 81,992,000 | 85,771,000 | 88,224,000 | 89,892,000 | 87,280,000 | 92,307,000 | 92,482,000 | 94,502,000 |
| Working capital turnover | 2.15 | 6.04 | 4.13 | 5.76 | 5.78 | 5.46 | 4.80 | 4.61 | 3.42 | 3.13 | 2.87 | 2.51 | 2.34 | 2.02 | 2.00 | 1.88 | 1.69 | 1.57 | 1.76 | 4.27 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $66,517,000K ÷ ($127,998,000K – $97,078,000K)
= 2.15
The working capital turnover of The Boeing Company has shown fluctuations over the analyzed period. The ratio indicates how efficiently the company is using its working capital to generate revenue.
At the beginning of the period, the working capital turnover was relatively high at 4.27 as of March 31, 2020, suggesting that Boeing was efficiently utilizing its working capital to generate sales. However, there was a significant decrease in the ratio to 1.76 as of June 30, 2020, indicating a potential inefficiency in working capital management.
Subsequently, the ratio fluctuated between 1.57 to 2.51 throughout the rest of 2020 and early 2021. From June 30, 2021, to December 31, 2022, the working capital turnover consistently increased, reaching a peak of 3.42 by December 31, 2022, before dropping slightly in the following period.
Notably, there was a significant increase in the working capital turnover from March 31, 2023, to December 31, 2024. The ratio improved from 4.61 to 6.04, indicating that Boeing was more effectively utilizing its working capital to support sales growth during this period.
However, the ratio dropped sharply to 2.15 by December 31, 2024, suggesting a potential change in working capital management efficiency. Overall, the analysis indicates fluctuations in Boeing's working capital turnover over the analyzed period, with notable improvements in certain quarters and potential challenges in others.
Peer comparison
Dec 31, 2024
See also:
The Boeing Company Working Capital Turnover (Quarterly Data)