GE HealthCare Technologies Inc. (GEHC)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 19,108,000 | 18,952,000 | 18,199,000 |
| Property, plant and equipment | US$ in thousands | 2,187,000 | 2,144,000 | 2,001,000 |
| Fixed asset turnover | 8.74 | 8.84 | 9.09 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $19,108,000K ÷ $2,187,000K
= 8.74
The fixed asset turnover ratio of GE HealthCare Technologies Inc. has displayed a consistent and relatively high trend over the three-year period from December 31, 2022, to December 31, 2024. The ratio decreased slightly from 9.09 in 2022 to 8.84 in 2023 and further declined to 8.74 in 2024.
This indicates that the company generated $9.09, $8.84, and $8.74 in revenue for every dollar invested in fixed assets in 2022, 2023, and 2024, respectively. The slight decrease in the ratio suggests that the company may have experienced challenges in efficiently utilizing its fixed assets to generate revenue in the latter years.
Overall, although the trend shows a slight decline, the company's fixed asset turnover ratio remains relatively high, reflecting the efficiency of GE HealthCare Technologies Inc. in generating revenue from its fixed assets during the period under consideration.
Peer comparison
Dec 31, 2024