GE Vernova LLC (GEV)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 34,950,000 | 33,239,000 | 29,654,000 | 33,006,000 |
| Total assets | US$ in thousands | 51,485,000 | 46,121,000 | 44,471,000 | — |
| Total asset turnover | 0.68 | 0.72 | 0.67 | — |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $34,950,000K ÷ $51,485,000K
= 0.68
Total asset turnover measures a company's efficiency in generating sales revenue from its assets. For GE Vernova LLC, the total asset turnover has shown a fluctuating trend over the years. In 2022, the total asset turnover was 0.67, indicating that for every dollar of assets the company had, it generated $0.67 in sales. The ratio improved slightly to 0.72 in 2023, suggesting better utilization of assets to generate revenue. However, in 2024, the total asset turnover decreased to 0.68, signifying a slight decline in efficiency in converting assets into sales. Overall, GE Vernova LLC's total asset turnover reflects varying levels of asset efficiency over the analyzed period, indicating the need for continuous monitoring and optimization of asset utilization strategies.
Peer comparison
Dec 31, 2024