Stock Analysis on Net
Stock Analysis on Net

Boeing Co. (NYSE:BA)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Beginner level


Long-term Activity Ratios (Summary)

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

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Net fixed asset turnover 5.47 5.69 6.12 6.94 7.31 7.99 8.00 7.81 7.72 7.59 7.37 7.18 7.09 7.24 7.38 7.46 7.72 7.87 7.96
Total asset turnover 0.41 0.49 0.57 0.66 0.73 0.84 0.86 0.86 0.86 0.84 1.01 1.00 1.01 1.04 1.05 1.07 1.08 1.06 1.02
Equity turnover 805.30 298.31 78.39 263.08 84.08 978.05 115.75 45.41 165.49 23.89 15.17

Based on: 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-10), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

Long-term activity 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 ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Boeing Co.’s total asset turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity.

Net Fixed Asset Turnover

Boeing Co., net fixed asset turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Revenues 11,807  16,908  17,911  19,980  15,751  22,917  28,341  25,146  24,258  23,382  25,368  24,309  22,739  20,976  23,286  23,898  24,755  22,632  23,573  25,849  24,543  22,149 
Property, plant and equipment, net of accumulated depreciation 12,182  12,405  12,502  12,527  12,601  12,594  12,645  12,571  12,605  12,628  12,672  12,712  12,820  12,842  12,807  12,713  12,533  12,269  12,076  11,614  11,338  11,172 
Long-term Activity Ratio
Net fixed asset turnover1 5.47 5.69 6.12 6.94 7.31 7.99 8.00 7.81 7.72 7.59 7.37 7.18 7.09 7.24 7.38 7.46 7.72 7.87 7.96
Benchmarks
Net Fixed Asset Turnover, Competitors2
General Dynamics Corp. 8.17 8.56 8.79 9.24 9.36 9.35 8.32 8.03 7.80 8.79 8.81 8.94 9.08 9.11 9.04 8.98 9.07 9.03 9.08
Lockheed Martin Corp. 9.44 9.25 9.07 9.35 9.32 9.20 8.78 9.23 9.05 8.98 8.84 9.01 8.87 8.75 8.51 8.64 8.52 8.56 8.40
Northrop Grumman Corp. 4.91 4.93 4.90 5.03 5.04 4.91 4.72 4.74 4.61 6.13 6.11 6.51 6.63 6.79 6.83 7.14 7.16 7.28 7.68
Raytheon Technologies Corp. 4.82 6.16 6.04 6.19 5.90 5.70 5.41 6.27 6.20 5.96 5.87 6.02 6.13 6.23 6.25 6.33 6.32 6.41 6.42

Based on: 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-10), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

1 Q2 2020 Calculation
Net fixed asset turnover = (RevenuesQ2 2020 + RevenuesQ1 2020 + RevenuesQ4 2019 + RevenuesQ3 2019) ÷ Property, plant and equipment, net of accumulated depreciation
= (11,807 + 16,908 + 17,911 + 19,980) ÷ 12,182 = 5.47

2 Click competitor name to see calculations.

Long-term activity 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 ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Total Asset Turnover

Boeing Co., total asset turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Revenues 11,807  16,908  17,911  19,980  15,751  22,917  28,341  25,146  24,258  23,382  25,368  24,309  22,739  20,976  23,286  23,898  24,755  22,632  23,573  25,849  24,543  22,149 
Total assets 162,872  143,075  133,625  132,598  126,261  120,209  117,359  114,659  113,195  113,549  92,333  91,007  90,036  89,673  89,997  88,950  89,609  91,547  94,408  98,998  98,102  97,775 
Long-term Activity Ratio
Total asset turnover1 0.41 0.49 0.57 0.66 0.73 0.84 0.86 0.86 0.86 0.84 1.01 1.00 1.01 1.04 1.05 1.07 1.08 1.06 1.02
Benchmarks
Total Asset Turnover, Competitors2
General Dynamics Corp. 0.77 0.72 0.81 0.80 0.80 0.80 0.80 0.73 0.69 0.83 0.88 0.89 0.92 0.94 0.95 0.95 0.98 0.99 0.98
Lockheed Martin Corp. 1.27 1.24 1.26 1.18 1.20 1.18 1.20 1.20 1.16 1.11 1.10 1.01 1.01 0.98 0.99 0.95 0.92 0.92 0.94
Northrop Grumman Corp. 0.80 0.79 0.82 0.82 0.83 0.79 0.80 0.75 0.72 0.76 0.74 0.96 0.98 0.98 0.96 0.99 0.98 0.98 0.96
Raytheon Technologies Corp. 0.44 0.55 0.55 0.54 0.52 0.51 0.50 0.56 0.62 0.62 0.62 0.61 0.61 0.64 0.64 0.63 0.63 0.63 0.64

Based on: 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-10), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

1 Q2 2020 Calculation
Total asset turnover = (RevenuesQ2 2020 + RevenuesQ1 2020 + RevenuesQ4 2019 + RevenuesQ3 2019) ÷ Total assets
= (11,807 + 16,908 + 17,911 + 19,980) ÷ 162,872 = 0.41

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Boeing Co.’s total asset turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Equity Turnover

Boeing Co., equity turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Revenues 11,807  16,908  17,911  19,980  15,751  22,917  28,341  25,146  24,258  23,382  25,368  24,309  22,739  20,976  23,286  23,898  24,755  22,632  23,573  25,849  24,543  22,149 
Shareholders’ equity (11,667) (9,665) (8,617) (4,116) (5,322) 125  339  (1,289) (1,441) 1,222  355  1,086  (2,037) 95  817  2,089  585  4,043  6,335  6,740  6,264  7,906 
Long-term Activity Ratio
Equity turnover1 805.30 298.31 78.39 263.08 84.08 978.05 115.75 45.41 165.49 23.89 15.17
Benchmarks
Equity Turnover, Competitors2
General Dynamics Corp. 2.78 2.94 2.90 2.88 2.97 3.10 3.08 2.67 2.72 2.64 2.71 2.67 2.84 2.94 2.86 2.73 2.84 2.97 2.93
Lockheed Martin Corp. 16.77 17.74 19.13 14.99 20.17 22.91 38.57 57.78 125.81 23.67 38.77 32.32 31.27 19.98 15.46 14.60 14.90
Northrop Grumman Corp. 3.57 3.78 3.84 3.42 3.57 3.61 3.68 3.14 3.28 3.42 3.66 3.94 4.26 4.47 4.66 4.13 4.16 4.19 4.26
Raytheon Technologies Corp. 1.06 1.95 1.84 1.87 1.78 1.75 1.73 2.00 2.00 2.01 2.02 1.97 2.04 2.09 2.08 1.95 1.94 1.98 2.05

Based on: 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-01-31), 10-Q (filing date: 2019-10-23), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-24), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-24), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-12), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-26), 10-K (filing date: 2017-02-08), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-10), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

1 Q2 2020 Calculation
Equity turnover = (RevenuesQ2 2020 + RevenuesQ1 2020 + RevenuesQ4 2019 + RevenuesQ3 2019) ÷ Shareholders’ equity
= (11,807 + 16,908 + 17,911 + 19,980) ÷ -11,667 =

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity.