GE HealthCare Technologies Inc. (GEHC)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,993,000 | 1,675,000 | 1,580,000 | 1,570,000 | 1,568,000 | 1,719,000 |
| Total assets | US$ in thousands | 33,089,000 | 33,855,000 | 31,852,000 | 32,208,000 | 32,454,000 | 32,382,000 |
| ROA | 6.02% | 4.95% | 4.96% | 4.87% | 4.83% | 5.31% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,993,000K ÷ $33,089,000K
= 6.02%
The return on assets (ROA) for GE HealthCare Technologies Inc. over the past few quarters has shown some fluctuation. As of December 31, 2023, the ROA stood at 4.83%, showing a slight increase to 4.87% by March 31, 2024. However, there was a noticeable uptick in ROA to 4.96% by June 30, 2024. Subsequently, there was a minor decrease to 4.95% by September 30, 2024. The most significant improvement in ROA was seen by the end of December 31, 2024, where it reached 6.02%.
Overall, the trend in ROA indicates some variability in the company's ability to generate profits from its assets. It will be essential to monitor the ROA going forward to assess the company's efficiency in utilizing its assets to generate earnings.
Peer comparison
Dec 31, 2024