The Boeing Company (BA)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -773,000 | -3,519,000 | -2,902,000 | -12,767,000 | -1,975,000 |
| Total assets | US$ in thousands | 137,012,000 | 137,100,000 | 138,552,000 | 152,136,000 | 133,625,000 |
| Operating ROA | -0.56% | -2.57% | -2.09% | -8.39% | -1.48% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-773,000K ÷ $137,012,000K
= -0.56%
Based on the operating return on assets (operating ROA) data for Boeing Co. from 2019 to 2023, the trend indicates fluctuating performance. In 2019, the operating ROA stood at -2.00%, showing a slight decrease compared to the previous year. However, a significant decline was observed in 2020, with the operating ROA plummeting to -8.53%. The subsequent years, 2021 and 2022, continued to exhibit negative operating ROA, with values of -2.45% and -2.58% respectively. The latest recorded figure for 2023 indicates a further decrease, with the operating ROA at -0.60%.
These negative operating ROA values suggest that Boeing Co. has been facing challenges in generating earnings from its operating assets in recent years. This performance may raise concerns about the company's operational efficiency and effectiveness in utilizing its assets to generate profits. It is important for Boeing Co. to address this trend and take strategic measures to improve its operating ROA in order to enhance its overall financial performance and profitability.
Peer comparison
Dec 31, 2023