The Boeing Company (BA)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -2,222,000 | -2,833,000 | -4,472,000 | -4,130,000 | -4,935,000 | -8,444,000 | -5,278,000 | -4,884,000 | -4,202,000 | -8,479,000 | -8,819,000 | -11,782,000 | -11,873,000 | -4,463,000 | -2,847,000 | -3,413,000 | -636,000 | 3,798,000 | 4,994,000 | 10,132,000 |
| 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 |
| 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-2,222,000K ÷ $137,012,000K
= -1.62%
Based on the provided data, Boeing Co.'s return on assets (ROA) has shown a consistent negative trend over the past eight quarters. The ROA has ranged from -1.62% to -6.14% during this period. This indicates that the company's ability to generate earnings from its assets has been relatively weak, as its net income has not been sufficient to cover the value of its total assets. The decreasing trend in ROA suggests that Boeing Co. has been facing challenges in efficiently utilizing its assets to generate profits. It is important for the company to investigate the underlying causes of this trend and consider strategies to improve its asset management and profitability.
Peer comparison
Dec 31, 2023