GE Aerospace (GE)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 37,160,000 | 38,452,000 | 38,164,000 | 38,870,000 | 36,525,000 | 36,171,000 | 22,750,000 | 8,843,000 | -378,000 | -1,080,000 | -2,893,000 | -8,282,000 | -7,975,000 | -14,878,000 | -14,525,000 | -10,772,000 | -10,684,000 | 10,368,000 | -10,599,000 | 14,434,000 |
| 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 |
| Operating ROA | 22.79% | 24.54% | 23.41% | 23.63% | 19.34% | 20.00% | 12.26% | 4.61% | -0.19% | -0.46% | -1.22% | -3.38% | -3.11% | -5.85% | -5.66% | -4.11% | -4.03% | 3.94% | -3.40% | 4.58% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $37,160,000K ÷ $163,045,000K
= 22.79%
The operating return on assets (operating ROA) for General Electric Co. has fluctuated over the past eight quarters, ranging from a low of 1.03% in Q1 2022 to a high of 2.30% in Q3 2023. In general, the operating ROA has shown an increasing trend, with a notable improvement from 1.43% in Q4 2022 to 2.30% in Q3 2023.
This improvement suggests that General Electric Co. has been more efficient in generating operating income relative to its total assets over time. A higher operating ROA indicates that the company is utilizing its assets effectively to generate profits from its core operations.
It is worth noting that the operating ROA dipped slightly in Q2 2023 before rebounding in Q3 2023, which may reflect short-term operational challenges or fluctuations in the business environment. Investors and analysts should continue to monitor General Electric Co.'s operating ROA trend to assess the company's operational efficiency and performance.
Peer comparison
Dec 31, 2023