GE HealthCare Technologies Inc. (GEHC)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 2,625,000 | 2,435,000 | 2,522,000 |
| Total assets | US$ in thousands | 33,089,000 | 32,454,000 | 27,539,000 |
| Operating ROA | 7.93% | 7.50% | 9.16% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $2,625,000K ÷ $33,089,000K
= 7.93%
Based on the data provided for GE HealthCare Technologies Inc., the operating return on assets (operating ROA) has shown a slight decrease over the three-year period from December 31, 2022, to December 31, 2024.
In December 31, 2022, the operating ROA was at 9.16%, indicating that the company generated 9.16 cents of operating income for every dollar of assets employed. However, by December 31, 2023, the operating ROA had decreased to 7.50%, suggesting a decline in the company's operating efficiency or profitability relative to its asset base.
Although there was a slight improvement in the operating ROA by December 31, 2024, to 7.93%, it is important to closely monitor this metric to assess whether the company is effectively utilizing its assets to generate operating income and to identify any potential areas for improvement.
Overall, while the trend in operating ROA indicates some fluctuations over the period analyzed, further analysis and comparison with industry benchmarks can provide more insights into GE HealthCare Technologies Inc.'s operational performance and efficiency in utilizing its assets.
Peer comparison
Dec 31, 2024