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General Dynamics Corporation: The Aerospace Industry

1284 Words6 Pages

Yaroslav Tashak, Nicole Brandt, Roberto Sevillano
Acct 312
October 28th, 2016
Working Capital Paper

Aerospace Industry
Top performers
Boeing
United Technologies Corporation
Lockheed Martin Corporation
General Dynamics Corporation
Raytheon Company
Bottom Performers
Bombardier Aerospace
Textron
Mitsubishi Heavy Industries Aerospace
Huntington Ingalls Industries
Spirit Aerospace
Performance Indicators: Profit margins, ROA, Debt/Equity, Current Ratio, Net Working Capital

The United States aerospace manufacturers are extremely competitive across the world. According to Select USA, in 2015, the U.S. aerospace industry contributed $144.1 billion in export sales to the U.S. economy. The industry’s positive trade balance of $82.5 billion …show more content…

One of the top performers is Boeing, is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, and satellites worldwide. United Technologies Corporation is an American aircraft manufacturer formed by the break up of United Aircraft and Transport Corporation in 1934. Lockheed Martin is an American global aerospace, defence, security and advanced technologies company with worldwide interests. General Dynamics is an American aerospace and defense multinational corporation. Raytheon is a major U.S. defense contractor and industrial corporation with core manufacturing concentrations in weapons and military commercial electronics.

PROFIT MARGINS: Profit margin measures profitability of a company. You can get this by using net income divided by revenue, or net profits divided by sales. Profit margins are expressed as a percentage and, in effect, measure how much out of every dollar of sales a company actually keeps in earnings. (Roberto)

Boeing: …show more content…

Working capital is measured by using current assets and subtracting the current liabilities. If the company has a negative working capital, this raises a red flag, as this could indicate the company cannot pay off its current obligations and would need additional funding.
One way to use this ratio to see the company’s short term financial health over time, is to compare it annually as see if the working capital is increasing or decreasing. A consistently decreasing net working capital could be a sign of bankruptcy. Financial institutes use the net working capital to measure a the company's financial health.

Top 5:
(numbers in thousands)
Boeing: 68,234,000-50,412,000=17,822,000
United Technologies Corporation: 26,706,000-22,618,000=4,088,000
Lockheed Martin Corporation:

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