GE Aerospace (GE)

Total 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
Total assets	US$ in thousands	123,140,000	126,698,000	123,190,000	163,942,000	173,300,000	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
Total asset turnover		0.31	0.29	0.30	0.22	0.24	0.32	0.33	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $38,703,000K ÷ $123,140,000K
= 0.31

The total asset turnover of GE Aerospace has displayed fluctuations over the period under review. It stood at 0.33 as of March 31, 2020, and gradually decreased to 0.30 by September 30, 2020. The ratio remained at this level until March 31, 2021, before increasing slightly to 0.32 by June 30, 2021. From December 31, 2021, the total asset turnover saw a notable increase, reaching 0.37, indicating a more efficient utilization of assets. However, the ratio declined to 0.31 by December 31, 2022. It fluctuated between 0.22 and 0.36 from March 31, 2023, to March 31, 2024, before ending at 0.31 as of December 31, 2024. The trend suggests variations in GE Aerospace's ability to generate sales from its total assets, with a mix of periods of efficiency and lower productivity during the analyzed timeframe.