GE HealthCare Technologies Inc. (GEHC)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,625,000 | 2,513,000 | 2,454,000 | 2,416,000 | 2,435,000 | 2,523,000 |
| Total assets | US$ in thousands | 33,089,000 | 33,855,000 | 31,852,000 | 32,208,000 | 32,454,000 | 32,382,000 |
| Operating ROA | 7.93% | 7.42% | 7.70% | 7.50% | 7.50% | 7.79% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,625,000K ÷ $33,089,000K
= 7.93%
The Operating Return on Assets (Operating ROA) for GE HealthCare Technologies Inc. has been fluctuating over the past few quarters. It stood at 7.79% on September 30, 2023, slightly decreased to 7.50% by December 31, 2023, remained stable at 7.50% by March 31, 2024, increased to 7.70% by June 30, 2024, saw a slight decrease to 7.42% by September 30, 2024, and then rose significantly to 7.93% by December 31, 2024.
The Operating ROA measures the company's efficiency in generating operating profits from its assets. The increasing trend in the Operating ROA from 7.50% to 7.93% over the analyzed period suggests that GE HealthCare Technologies Inc. has been improving its operational performance in relation to its asset base. This indicates that the company has been able to effectively utilize its assets to generate operating income, which is a positive sign for its overall financial health and efficiency.
However, the slight fluctuations in the Operating ROA also indicate some variability in the company's performance, which may be influenced by changes in operating expenses, revenue generation, or asset management strategies. It would be essential for GE HealthCare Technologies Inc. to continue monitoring and managing its operating efficiency to ensure sustained profitability and long-term success.
Peer comparison
Dec 31, 2024