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

Long-term Activity Ratios (Summary)
Net Fixed Asset Turnover
Total Asset Turnover
Equity Turnover

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

	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	—	—	—

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.

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

	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	—	—	—

¹ Q2 2020 Calculation
Net fixed asset turnover = (Revenues_{Q2 2020} + Revenues_{Q1 2020} + Revenues_{Q4 2019} + Revenues_{Q3 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.

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

	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	—	—	—

¹ Q2 2020 Calculation
Total asset turnover = (Revenues_{Q2 2020} + Revenues_{Q1 2020} + Revenues_{Q4 2019} + Revenues_{Q3 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.

Boeing Co., equity turnover calculation (quarterly data)

	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	—	—	—

¹ Q2 2020 Calculation
Equity turnover = (Revenues_{Q2 2020} + Revenues_{Q1 2020} + Revenues_{Q4 2019} + Revenues_{Q3 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.

Boeing Co. (NYSE:BA)

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

Long-term Activity Ratios (Summary)

Net Fixed Asset Turnover

Total Asset Turnover

Equity Turnover

Boeing Co. (NYSE:BA)

Analysis of Long-term (Investment) Activity RatiosQuarterly Data

Long-term Activity Ratios (Summary)

Net Fixed Asset Turnover

Total Asset Turnover

Equity Turnover

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