GE HealthCare Technologies Inc. (GEHC)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 19,108,000 | 18,952,000 | 18,199,000 |
| Total assets | US$ in thousands | 33,089,000 | 32,454,000 | 27,539,000 |
| Total asset turnover | 0.58 | 0.58 | 0.66 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $19,108,000K ÷ $33,089,000K
= 0.58
The total asset turnover ratio for GE HealthCare Technologies Inc. has shown a slight decline over the three-year period from December 31, 2022, to December 31, 2024. The ratio decreased from 0.66 in 2022 to 0.58 in both 2023 and 2024. This trend indicates that the company generated, on average, $0.58 in revenue for every dollar of total assets invested during these years. A decreasing total asset turnover ratio may suggest inefficiencies in utilizing assets to generate sales revenue, which could be a concern for the company's operational efficiency and profitability. Analyzing the factors contributing to this decline further may help in identifying areas for improvement in asset management and revenue generation strategies.
Peer comparison
Dec 31, 2024