Boeing Co. (BA)

Long-term (Investment) Activity Analysis

Difficulty: Beginner

Annual Data

Quarterly Data

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Boeing Co., long-term (investment) activity ratios

Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Boeing Co.'s net fixed asset turnover deteriorated from 2015 to 2016 and from 2016 to 2017.
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Boeing Co.'s total asset turnover improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017.
Equity turnover	An activity ratio calculated as total revenue divided by shareholders' equity.	Boeing Co.'s equity turnover improved from 2015 to 2016 and from 2016 to 2017.

Boeing Co., net fixed asset turnover calculation, comparison to benchmarks

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	Selected Financial Data (USD $ in millions)
	Revenues
	Property, plant and equipment, net
	Ratio
	Net fixed asset turnover¹
	Benchmarks
	Net Fixed Asset Turnover, Competitors
	General Dynamics Corp.
	Lockheed Martin Corp.
	Northrop Grumman Corp.
	Raytheon Co.
	United Technologies Corp.
	Net Fixed Asset Turnover, Sector
	Aerospace & Defense
	Net Fixed Asset Turnover, Industry
	Industrials

2017 Calculations

¹ Net fixed asset turnover = Revenues ÷ Property, plant and equipment, net
= hidden ÷ hidden = hidden

Ratio	Description	The company
Net fixed asset turnover	An activity ratio calculated as total revenue divided by net fixed assets.	Boeing Co.'s net fixed asset turnover deteriorated from 2015 to 2016 and from 2016 to 2017.

Boeing Co., total asset turnover calculation, comparison to benchmarks

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	Selected Financial Data (USD $ in millions)
	Revenues
	Total assets
	Ratio
	Total asset turnover¹
	Benchmarks
	Total Asset Turnover, Competitors
	General Dynamics Corp.
	Lockheed Martin Corp.
	Northrop Grumman Corp.
	Raytheon Co.
	United Technologies Corp.
	Total Asset Turnover, Sector
	Aerospace & Defense
	Total Asset Turnover, Industry
	Industrials

2017 Calculations

¹ Total asset turnover = Revenues ÷ Total assets
= hidden ÷ hidden = hidden

Ratio	Description	The company
Total asset turnover	An activity ratio calculated as total revenue divided by total assets.	Boeing Co.'s total asset turnover improved from 2015 to 2016 but then deteriorated significantly from 2016 to 2017.

Boeing Co., equity turnover calculation, comparison to benchmarks

		Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
	Selected Financial Data (USD $ in millions)
	Revenues
	Shareholders’ equity
	Ratio
	Equity turnover¹
	Benchmarks
	Equity Turnover, Competitors
	General Dynamics Corp.
	Lockheed Martin Corp.
	Northrop Grumman Corp.
	Raytheon Co.
	United Technologies Corp.
	Equity Turnover, Sector
	Aerospace & Defense
	Equity Turnover, Industry
	Industrials

2017 Calculations

¹ Equity turnover = Revenues ÷ Shareholders’ equity
= hidden ÷ hidden = hidden

Ratio	Description	The company
Equity turnover	An activity ratio calculated as total revenue divided by shareholders' equity.	Boeing Co.'s equity turnover improved from 2015 to 2016 and from 2016 to 2017.

	Boeing Co.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality