GE Aerospace (GE)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 27,378,000 | 28,665,000 | 31,194,000 | 31,652,000 | 33,696,000 | 31,475,000 | 34,649,000 | 39,005,000 | 40,310,000 | 37,477,000 | 33,487,000 | 33,585,000 | 35,552,000 | 33,269,000 | 33,674,000 | 35,284,000 | 28,316,000 | 27,935,000 | 35,816,000 | 35,161,000 |
| ROE | 34.63% | 35.19% | 31.73% | 28.38% | 1.01% | -18.11% | -13.29% | -12.44% | -16.17% | -0.11% | -7.29% | -9.82% | 16.04% | 11.41% | -13.31% | -6.71% | -17.59% | -17.71% | -51.07% | -50.11% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $9,480,000K ÷ $27,378,000K
= 34.63%
General Electric Co.'s return on equity (ROE) has displayed variability over the past eight quarters. The most recent ROE in Q4 2023 stood at 33.55%, showing a slight decrease from the previous quarter's 33.91%. This positive trend in ROE indicates the company's ability to generate profit from shareholders' equity.
Comparing the current ROE levels to the same quarter in the prior year, there has been a significant improvement. In Q4 2022, General Electric Co. reported a negative ROE of -0.18%, which has since rebounded substantially. This suggests a positive turnaround in the company's operations and financial performance.
Over the past two years, the ROE has experienced fluctuations, with some quarters showing negative returns. Notably, the company faced challenges in Q2 and Q3 2022, with ROE figures of -19.34% and -13.41%, respectively. However, General Electric Co. managed to reverse this trend and achieve positive ROE figures in subsequent quarters.
Overall, General Electric Co.'s ROE has demonstrated improvement and resilience in recent quarters, reflecting the company's efforts to enhance profitability and effectively utilize shareholders' equity in generating returns. It will be crucial to monitor future ROE trends to assess the ongoing financial health and performance of the company.
Peer comparison
Dec 31, 2023