The Boeing Company (BA)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (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 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | -17,233,000 | -16,729,000 | -15,517,000 | -15,508,000 | -15,883,000 | -17,699,000 | -14,888,000 | -15,398,000 | -14,999,000 | -14,440,000 | -16,682,000 | -18,058,000 | -18,316,000 | -11,821,000 | -11,667,000 | -9,665,000 | -8,617,000 | -4,116,000 | -5,322,000 | 125,000 |
| Return on total capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 9,169.60% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-773,000K ÷ ($—K + $-17,233,000K)
= —
Boeing Co.'s return on total capital has fluctuated over the past eight quarters. The company's return on total capital was notably negative, ranging from -18.60% to -2.34%. This indicates that the company was not able to generate sufficient returns from its total capital during these periods. The negative trend in the return on total capital raises concerns about the company's ability to effectively utilize its capital to generate profits. Further analysis and investigation into the factors contributing to these negative returns would be important in assessing the company's financial performance and its ability to create value for its stakeholders.
Peer comparison
Dec 31, 2023