GE Aerospace (GE)
Total 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 |
| Total assets | US$ in thousands | 163,045,000 | 156,662,000 | 163,006,000 | 164,472,000 | 188,851,000 | 180,877,000 | 185,540,000 | 191,961,000 | 198,874,000 | 237,133,000 | 237,559,000 | 245,164,000 | 256,211,000 | 254,315,000 | 256,487,000 | 262,021,000 | 265,177,000 | 263,009,000 | 312,109,000 | 315,082,000 |
| Total asset turnover | 0.42 | 0.42 | 0.38 | 0.36 | 0.31 | 0.34 | 0.35 | 0.36 | 0.37 | 0.32 | 0.32 | 0.30 | 0.30 | 0.30 | 0.32 | 0.33 | 0.34 | 0.36 | 0.31 | 0.32 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $67,954,000K ÷ $163,045,000K
= 0.42
The total asset turnover ratio for General Electric Co. has been relatively stable over the past eight quarters, ranging between 0.39 and 0.45. This ratio indicates how efficiently the company is generating revenue from its total assets. A higher ratio typically suggests that the company is utilizing its assets more efficiently to generate sales.
In the case of General Electric Co., the average total asset turnover ratio over the period is approximately 0.43, indicating that, on average, the company generates $0.43 in revenue for every dollar of total assets it possesses. This suggests that the company is effectively utilizing its assets to generate sales.
While the ratio has shown some fluctuations, the overall trend indicates a consistent level of efficiency in generating revenue from its assets. It is essential for the company to continue monitoring and managing its asset turnover ratio to ensure optimal utilization of its assets in generating revenue.
Peer comparison
Dec 31, 2023