GE HealthCare Technologies Inc. (GEHC)
Total 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 |
| Total assets | US$ in thousands | 33,089,000 | 33,855,000 | 31,852,000 | 32,208,000 | 32,454,000 | 32,382,000 |
| Total asset turnover | 0.58 | 0.56 | 0.59 | 0.59 | 0.58 | 0.60 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $19,107,000K ÷ $33,089,000K
= 0.58
The total asset turnover of GE HealthCare Technologies Inc. has shown some fluctuations over the reporting periods. It decreased from 0.60 in September 2023 to 0.58 in December 2023, then slightly increased to 0.59 in March 2024 and June 2024. Subsequently, there was a decline to 0.56 in September 2024 before recovering to 0.58 in December 2024. This ratio indicates that, on average, the company generates $0.58 to $0.60 in revenue for every dollar of total assets it holds. A higher total asset turnover generally suggests more efficient utilization of assets to generate sales. It is important for the company to continue monitoring and managing this ratio to ensure optimal asset utilization for revenue generation.
Peer comparison
Dec 31, 2024