GE Aerospace (GE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 9,480,000 | 10,086,000 | 9,899,000 | 8,982,000 | 340,000 | -5,700,000 | -4,604,000 | -4,853,000 | -6,519,000 | -40,000 | -2,441,000 | -3,297,000 | 5,704,000 | 3,796,000 | -4,483,000 | -2,369,000 | -4,980,000 | -4,947,000 | -18,293,000 | -17,620,000 |
| 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 |
| ROA | 5.81% | 6.44% | 6.07% | 5.46% | 0.18% | -3.15% | -2.48% | -2.53% | -3.28% | -0.02% | -1.03% | -1.34% | 2.23% | 1.49% | -1.75% | -0.90% | -1.88% | -1.88% | -5.86% | -5.59% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $9,480,000K ÷ $163,045,000K
= 5.81%
General Electric Co.'s return on assets (ROA) has shown a positive trend over the past eight quarters, indicating improvement in the company's efficiency in generating profits from its assets. The ROA increased consistently from negative values in Q4 2022 to a peak of 6.20% in Q3 2023, before slightly declining to 5.63% in Q4 2023.
The positive ROA values reflect General Electric Co.'s ability to effectively utilize its assets to generate earnings. The company demonstrated a turnaround in its asset management compared to the negative ROA figures reported in the previous quarters, indicating improved operational efficiency and financial performance.
Overall, the increasing trend in ROA for General Electric Co. suggests that the company has been successful in enhancing its profitability relative to its total assets, which is a positive indicator of financial health and operational effectiveness.
Peer comparison
Dec 31, 2023