GE Aerospace (GE)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 67,954,000 | 65,359,000 | 62,483,000 | 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 | 90,221,000 | 95,475,000 | 95,507,000 | 101,255,000 |
| Property, plant and equipment | US$ in thousands | 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 | 45,879,000 | 42,886,000 | 49,943,000 | 50,265,000 |
| Fixed asset turnover | 2.49 | 6.29 | 5.98 | 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 | 1.97 | 2.23 | 1.91 | 2.01 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $67,954,000K ÷ $27,332,000K
= 2.49
General Electric Co.'s fixed asset turnover ratio has been fluctuating over the past eight quarters, with values ranging from 4.93 to 7.17. The fixed asset turnover ratio measures how effectively the company is utilizing its fixed assets to generate sales revenue.
A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets invested. In General Electric Co.'s case, the ratio has been relatively high, with values consistently above 5. This suggests that the company is efficiently utilizing its fixed assets to generate sales.
However, the fluctuation in the ratio over the quarters may indicate changes in the company's asset base, sales volume, or operational efficiency. Investors and stakeholders should closely monitor these changes to assess the company's operational performance and asset management strategies.
Peer comparison
Dec 31, 2023