GE Vernova LLC (GEV)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 34,180,000 | 28,274,000 | 26,004,000 | 27,692,000 |
| Inventory | US$ in thousands | 8,587,000 | 7,199,000 | 6,746,000 | — |
| Inventory turnover | 3.98 | 3.93 | 3.85 | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $34,180,000K ÷ $8,587,000K
= 3.98
The inventory turnover ratio for GE Vernova LLC has shown a consistent improvement over the years. It was not available for December 31, 2021, however, it increased to 3.85 times for December 31, 2022, and continued to rise to 3.93 times for December 31, 2023, and further to 3.98 times for December 31, 2024. This indicates that the company is managing its inventory more efficiently, selling and replenishing stock at a faster pace. A higher inventory turnover ratio generally suggests good sales and inventory management practices, as it signifies that the company is selling goods quickly and restocking efficiently. This trend suggests that GE Vernova LLC is improving its inventory management processes, potentially leading to better cash flow and profitability in the future.
Peer comparison
Dec 31, 2024