GE Aerospace (GE)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 38,703,000 | 37,347,000 | 36,807,000 | 36,468,000 | 41,999,000 | 49,371,000 | 54,539,000 | 59,911,000 | 58,100,000 | 61,575,000 | 65,674,000 | 69,800,000 | 74,196,000 | 74,926,000 | 74,966,000 | 73,524,000 | 75,833,000 | 76,045,000 | 80,796,000 | 87,399,000 |
| Property, plant and equipment | US$ in thousands | — | 6,185,000 | 6,009,000 | 10,563,000 | 27,332,000 | 10,387,000 | 10,441,000 | 10,317,000 | 31,633,000 | 12,013,000 | 12,400,000 | 12,596,000 | 31,904,000 | 13,153,000 | 13,416,000 | 13,488,000 | 44,662,000 | 42,211,000 | 42,821,000 | 43,166,000 |
| Fixed asset turnover | — | 6.04 | 6.13 | 3.45 | 1.54 | 4.75 | 5.22 | 5.81 | 1.84 | 5.13 | 5.30 | 5.54 | 2.33 | 5.70 | 5.59 | 5.45 | 1.70 | 1.80 | 1.89 | 2.02 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $38,703,000K ÷ $—K
= —
The fixed asset turnover ratio of GE Aerospace demonstrates the efficiency with which the company is utilizing its fixed assets to generate revenue. The ratio has fluctuated over the past few years, indicating changes in the company's operational performance.
From March 31, 2020, to December 31, 2021, the fixed asset turnover ratio ranged from 1.70 to 5.70, showing a substantial increase in asset utilization efficiency. This period reflected a significant improvement in generating sales from fixed assets.
However, in the subsequent periods up to December 31, 2024, the ratio fluctuated between 1.54 and 6.13. Such high fluctuations may suggest varying levels of efficiency in asset utilization. The ratio of 6.13 on June 30, 2024, indicates a sharp increase in revenue generated by fixed assets, while the ratio of 1.54 on December 31, 2023, indicates lower efficiency in generating sales from fixed assets.
Overall, the trend in the fixed asset turnover ratio for GE Aerospace indicates periods of both efficiency and inefficiency in utilizing fixed assets to generate revenue. It would be essential for the company to analyze these fluctuations further to understand the underlying factors influencing asset utilization and make strategic decisions to improve operational efficiency.
Peer comparison
Dec 31, 2024