GE Vernova LLC (GEV)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 33,239,000 | 29,654,000 | 33,006,000 |
| Total assets | US$ in thousands | 46,121,000 | 44,471,000 | — |
| Total asset turnover | 0.72 | 0.67 | — |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $33,239,000K ÷ $46,121,000K
= 0.72
The total asset turnover ratio for GE Vernova LLC has shown an increasing trend over the past two years, indicating that the company is generating more revenue relative to its total assets. In 2023, the total asset turnover ratio stood at 0.72, compared to 0.67 in 2022. This improvement suggests that the company is utilizing its assets more efficiently to generate sales. However, it should be noted that there is no data available for 2021 to provide a complete trend analysis. This positive trend in total asset turnover may indicate an improvement in operational efficiency and effective management of assets to drive revenue generation.
Peer comparison
Dec 31, 2023