The Boeing Company (BA)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -773,000 | -1,429,000 | -3,413,000 | -2,534,000 | -3,547,000 | -7,345,000 | -4,224,000 | -3,981,000 | -2,902,000 | -6,780,000 | -7,510,000 | -11,497,000 | -12,767,000 | -6,922,000 | -5,262,000 | -5,678,000 | -1,975,000 | 4,404,000 | 5,372,000 | 11,462,000 |
| 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 |
| Operating ROA | -0.56% | -1.06% | -2.53% | -1.86% | -2.59% | -5.34% | -3.12% | -2.93% | -2.09% | -4.62% | -5.04% | -7.66% | -8.39% | -4.29% | -3.23% | -3.97% | -1.48% | 3.32% | 4.25% | 9.54% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-773,000K ÷ $137,012,000K
= -0.56%
The operating return on assets (operating ROA) for Boeing Co. over the past eight quarters has fluctuated significantly. Operating ROA measures the company's operating income as a percentage of its total assets, indicating its efficiency in generating profits from its asset base.
Boeing Co.'s operating ROA ranged from -5.34% to -0.60% during this period. The negative values indicate that the company's operating income was insufficient to cover the asset base, suggesting lower profitability relative to its asset utilization. The decreasing trend from Q2 2022 to Q4 2023 indicates a potential decline in the company's ability to generate profits from its assets.
This downward trend in operating ROA may be a cause for concern, as it suggests that Boeing Co. may be facing challenges in effectively utilizing its assets to generate operating income. Further analysis of the company's operating expenses and asset management efficiency would be crucial in understanding the factors contributing to this trend and in identifying potential areas for improvement.
Peer comparison
Dec 31, 2023