GE Vernova LLC (GEV)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 33,239,000 | 29,654,000 | 33,006,000 |
| Property, plant and equipment | US$ in thousands | — | — | — |
| Fixed asset turnover | — | — | — |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $33,239,000K ÷ $—K
= —
To calculate the fixed asset turnover for GE Vernova LLC, we would need specific values for fixed assets and net sales. Without these figures provided in the table, a direct calculation of the fixed asset turnover ratio is not possible.
Fixed asset turnover reflects how efficiently a company is utilizing its fixed assets to generate sales. A higher ratio indicates that the company is generating more sales relative to its investment in fixed assets, which is generally favorable. Conversely, a lower ratio may suggest underutilization or inefficiency in the use of fixed assets.
To gain insights into GE Vernova LLC's operational efficiency and asset utilization, it is essential to have access to the fixed asset and net sales figures for the respective years. This information would enable a calculation of the fixed asset turnover ratio, allowing for a more informed analysis of the company's performance and efficiency in utilizing its fixed assets.
Peer comparison
Dec 31, 2023