GE HealthCare Technologies Inc. (GEHC)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 1,993,000 | 1,568,000 | 1,916,000 |
| Total assets | US$ in thousands | 33,089,000 | 32,454,000 | 27,539,000 |
| ROA | 6.02% | 4.83% | 6.96% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,993,000K ÷ $33,089,000K
= 6.02%
Based on the provided data, the return on assets (ROA) of GE HealthCare Technologies Inc. has shown some fluctuations over the three-year period from December 31, 2022, to December 31, 2024.
In December 31, 2022, the ROA was 6.96%, indicating that the company generated a return of 6.96% on every dollar of assets it owns. This suggests efficient utilization of its assets to generate profits.
However, by December 31, 2023, the ROA decreased to 4.83%. This decline could be indicative of potential challenges or inefficiencies in utilizing assets to generate profits. It might be a signal for the company to review its operational efficiency and strategic decisions.
In the most recent year, December 31, 2024, the ROA improved to 6.02%. This suggests that the company may have implemented corrective measures to enhance its asset utilization and profitability.
Overall, the analysis of the ROA trend for GE HealthCare Technologies Inc. indicates some variability in the company's ability to generate profits from its assets. It would be crucial for the company to consistently monitor and improve its asset management strategies to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2024