GE Aerospace (GE)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 38,702,000 | 35,348,000 | 58,100,000 | 74,196,000 | 75,833,000 |
| Total assets | US$ in thousands | 123,140,000 | 173,300,000 | 188,851,000 | 198,874,000 | 256,211,000 |
| Total asset turnover | 0.31 | 0.20 | 0.31 | 0.37 | 0.30 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $38,702,000K ÷ $123,140,000K
= 0.31
The total asset turnover for GE Aerospace has fluctuated over the years. In 2020, the total asset turnover was 0.30, signifying that the company generated $0.30 in revenue for every dollar of assets. This ratio increased to 0.37 in 2021, indicating a more efficient utilization of assets to generate revenue. However, in 2022, the total asset turnover decreased to 0.31, suggesting a slight decline in asset efficiency. The ratio further declined to 0.20 in 2023, reflecting a significant decrease in revenue generation relative to assets. By 2024, the total asset turnover improved to 0.31, indicating a partial recovery in asset efficiency. Overall, the trend in total asset turnover indicates varying levels of asset utilization efficiency over the years, with a mix of improvements and setbacks.
Peer comparison
Dec 31, 2024