The Boeing Company (BA)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -2,222,000 | -4,935,000 | -4,202,000 | -11,873,000 | -636,000 |
| Total assets | US$ in thousands | 137,012,000 | 137,100,000 | 138,552,000 | 152,136,000 | 133,625,000 |
| ROA | -1.62% | -3.60% | -3.03% | -7.80% | -0.48% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-2,222,000K ÷ $137,012,000K
= -1.62%
To analyze Boeing Co.'s return on assets (ROA) over the past five years, we observe a fluctuating trend. In 2019, the ROA was -0.48%, which indicates the company generated a negative return on its assets. This improved in 2020 to -7.80%, yet the return remained negative. However, in 2021, there was a slight improvement with an ROA of -3.03%, although still negative. The trend reversed in 2022 with a further decrease to -3.60%, indicating a decline in the company's ability to generate profit from its assets. The most recent data for 2023 shows a ROA of -1.62%, which, while still negative, represents some improvement compared to the preceding year. This indicates that Boeing Co. continues to face challenges in generating income from its assets, and further analysis of the company's operational efficiency and profitability is warranted.
Peer comparison
Dec 31, 2023