The Boeing Company (BA)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 9.93% | 9.06% | 6.63% | 7.19% | 5.26% | -1.38% | 2.76% | 3.21% | 4.84% | -0.25% | -1.35% | -7.82% | -9.78% | -1.31% | 1.83% | 0.47% | 5.83% | 13.24% | 13.64% | 19.22% |
| Operating profit margin | -0.99% | -1.89% | -4.64% | -3.59% | -5.33% | -11.96% | -6.95% | -6.52% | -4.66% | -10.80% | -12.18% | -20.36% | -21.95% | -11.39% | -7.90% | -8.05% | -2.58% | 5.06% | 5.83% | 11.39% |
| Pretax margin | -2.55% | -3.44% | -6.25% | -5.38% | -7.36% | -14.59% | -10.13% | -9.81% | -7.94% | -14.13% | -15.40% | -23.85% | -24.77% | -13.40% | -9.10% | -8.62% | -2.95% | 4.75% | 5.52% | 11.03% |
| Net profit margin | -2.86% | -3.74% | -6.08% | -5.86% | -7.41% | -13.75% | -8.69% | -8.00% | -6.75% | -13.50% | -14.30% | -20.87% | -20.42% | -7.34% | -4.27% | -4.84% | -0.83% | 4.37% | 5.42% | 10.07% |
The profitability ratios of Boeing Co. indicate the company's ability to generate profits in relation to its sales and operating costs. Over the eight quarters reported, the gross profit margin has exhibited fluctuation, ranging from -1.37% to 9.93%. This suggests variability in the company’s ability to control direct costs such as labor and materials, which impact its gross profit.
The operating profit margin, which reflects the company's ability to generate profits from its core operations, has also shown inconsistency, with negative figures recorded in the majority of the quarters. This indicates that Boeing has struggled to control its operating expenses relative to its sales, resulting in negative operating profit margins.
Likewise, the pretax and net profit margins have demonstrated a similar trend of inconsistency and reporting negative figures, indicating that Boeing’s overall profitability has been challenged.
Overall, the analysis of Boeing Co.'s profitability ratios suggests that the company has faced challenges in maintaining profitability and controlling costs, particularly in relation to its core operations and net profits.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | -1.62% | -2.11% | -3.32% | -3.03% | -3.60% | -6.14% | -3.90% | -3.60% | -3.03% | -5.77% | -5.92% | -7.85% | -7.80% | -2.77% | -1.75% | -2.39% | -0.48% | 2.86% | 3.96% | 8.43% |
| Return on total capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 9,169.60% |
| Return on equity (ROE) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 8,105.60% |
The profitability ratios for Boeing Co. indicate a challenging financial performance over the past year. The operating return on assets (Operating ROA) has shown consistent negative values, indicating that the company's core operations have not been generating sufficient returns relative to its asset base. This trend was reflected in the return on assets (ROA) and return on total capital, which have also reported negative values, with the return on total capital demonstrating particularly significant declines over the periods.
The negative profitability ratios suggest that Boeing has struggled to generate profits from its assets and capital employed during the evaluated period. These trends may indicate operational inefficiencies, reduced demand for the company's products or services, or increased costs that have eroded profitability. Further analysis and additional context would be necessary to identify the specific factors driving these unfavorable results.
It is noteworthy that the return on equity (ROE) figures are not provided in the dataset, limiting the evaluation of the company's profitability from an equity perspective. Overall, the persistently negative profitability ratios underscore the need for Boeing to address its operational and financial challenges to improve its overall profitability and long-term financial sustainability.