GE HealthCare Technologies Inc. (GEHC)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 19,107,000 | 18,958,000 | 18,917,000 | 18,895,000 | 18,952,000 | 19,284,000 |
| Property, plant and equipment | US$ in thousands | 2,187,000 | 2,180,000 | 2,099,000 | 2,091,000 | 2,144,000 | 2,016,000 |
| Fixed asset turnover | 8.74 | 8.70 | 9.01 | 9.04 | 8.84 | 9.57 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $19,107,000K ÷ $2,187,000K
= 8.74
GE HealthCare Technologies Inc. has demonstrated consistent efficiency in utilizing its fixed assets to generate revenue, as indicated by its fixed asset turnover ratio. The fixed asset turnover ratio for the company has ranged between 8.70 to 9.57 over the last year, with the latest reported ratio standing at 8.74 as of December 31, 2024. This suggests that for every dollar invested in fixed assets, the company generates approximately $8.74 in sales.
A higher fixed asset turnover ratio indicates better efficiency in asset utilization, reflecting the company's ability to generate more revenue from its fixed assets. Despite a slight fluctuation in the ratio over the period, the overall trend shows that GE HealthCare Technologies Inc. has been effectively leveraging its fixed assets to drive sales. Continued monitoring of this ratio can provide insights into the company's operational efficiency and asset management practices.
Peer comparison
Dec 31, 2024