The Boeing Company (BA)
Working capital 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 current assets | US$ in thousands | 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 | 102,229,000 | 101,656,000 | 95,111,000 | 89,509,000 |
| Total current liabilities | US$ in thousands | 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 | 97,312,000 | 91,846,000 | 92,189,000 | 83,615,000 |
| Working capital turnover | 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 | 15.57 | 8.87 | 31.54 | 17.08 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $77,794,000K ÷ ($109,275,000K – $95,827,000K)
= 5.78
The working capital turnover ratio measures a company's efficiency in utilizing its working capital to generate sales. A higher ratio indicates better efficiency in managing working capital.
Boeing Co.'s working capital turnover has shown a consistent upward trend from 2.51 in March 2022 to 5.79 in December 2023. This signifies an improvement in the company's ability to generate sales relative to its working capital. The significant increase in the ratio indicates that Boeing has been able to efficiently utilize its working capital to support sales and operations.
The increasing trend in the working capital turnover ratio suggests that Boeing's management has been effective in optimizing the company's current assets and liabilities to support its revenue generation. This is a positive sign of operational efficiency, as it indicates that the company is managing its working capital effectively to fuel its sales activities.
Overall, the trend in Boeing Co.'s working capital turnover ratio demonstrates a positive indication of the company's ability to efficiently utilize its working capital to drive revenue growth.
Peer comparison
Dec 31, 2023
See also:
The Boeing Company Working Capital Turnover (Quarterly Data)