Boeing

Key Performance Metrics
The review of Net Profit Margin witnessed a declining trend. The Net Profit Margin
declined from a negative of 0.83% in 2019 to a negative of 2.86% in 2023.

The average EBIT Margin for the period under analysis was 5.91%, with 2023 and 2020 performing the best and worst, respectively.
In the current year, Boeing was unable to cover its interest liabilities and also in 2019
when it was a negative 2.13 times.

The Asset turnover stood at 0.57 times in 2023 from 0.6 in 2019, implying a low
performance of the business in relation to revenue.

Profitability

The revenue of Boeing has increased over the years. The revenue increased by 16.79% in 2023. There also occurred an increase of 6.94% between 2022 and 2023 (the current
period).

Boeing’s performance in profitability looks bad as the return on capital employed also
recorded bad performance during the period of analysis

Liquidity

The company’s result in liquidity looks poor, as current ratio decreased from 1.22:1 to
1.14:1 on the last year. Which implies that the company does not have enough assets to
settle its current liabilities.

Receivables days declined over the 5year period as it declined from 59.46 days to 51.92
days to recover money owed by customers.

Climbed

Working capital steadily between 2019 and 2023, rising by 14.30% with a YoY growth of 1.14%.
 
Capital Structure
Boeing is both equity and debt financed.
The debttoequity (D/E) ratio has been falling year on year. The gearing position of the
company appears to be high as it stood above 100% in the current year.
 
Source: Boeing Annual Report

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