GE Vernova LLC (GEV)
Total asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 34,432,000 | 33,771,000 | 33,677,000 | 33,239,000 |
| Total assets | US$ in thousands | 50,853,000 | 48,052,000 | 47,872,000 | 47,194,000 |
| Total asset turnover | 0.68 | 0.70 | 0.70 | 0.70 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $34,432,000K ÷ $50,853,000K
= 0.68
The total asset turnover of GE Vernova LLC has been relatively stable over the past year, ranging between 0.68 and 0.70. This ratio indicates that the company generates $0.70 of revenue for every $1 of total assets it holds. A higher total asset turnover ratio typically signifies that the company is efficient in generating sales from its asset base. However, in this case, the consistent ratio suggests that the company may not have significantly improved its efficiency in asset utilization during the period under review. Further analysis of other financial metrics and industry benchmarks may provide additional insights into the company's overall performance and operational efficiency.
Peer comparison
Sep 30, 2024