GE Vernova LLC (GEV)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 34,951,000 | 34,416,000 | 33,748,000 | 33,674,000 | 33,239,000 |
| Total assets | US$ in thousands | 51,485,000 | 50,853,000 | 48,052,000 | 47,872,000 | 47,194,000 |
| Total asset turnover | 0.68 | 0.68 | 0.70 | 0.70 | 0.70 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $34,951,000K ÷ $51,485,000K
= 0.68
The total asset turnover ratios of GE Vernova LLC for the periods ending December 31, 2023, March 31, 2024, June 30, 2024, September 30, 2024, and December 31, 2024, were consistently around 0.70, indicating that the company generated $0.70 in sales for every $1 of total assets during these periods.
The slight decrease in the total asset turnover ratio to 0.68 in the last two periods suggests a potential decrease in efficiency in generating sales from its total asset base. It is important for the company to analyze the reasons behind this trend to improve operational efficiency and optimize the utilization of its assets to enhance overall financial performance. Periodic monitoring and analysis of the total asset turnover ratio can provide valuable insights into the company's asset management and operational effectiveness.
Peer comparison
Dec 31, 2024